CHANGES IN SUBSTANTIAL SHAREHOLDINGS


As of 20.10.2008 the following significant changes have taken place in the 
ownership structure of the companies listed on the Tallinn Stock Exchange, 
compared with the standings disclosed earlier.
 
The levels of 5%, 10%, 15%, 20%, 25%, 33%, 50% and 66% are considered to be 
significant.

 
Issuer                          Previously       Per cent of 
r                        disclosed per cent      shares as of
   Shareholder                   of shares        20.10.2008
--------------------------------------------------------------
Baltika (18 644 850 shares)

HANSABANKAS CLIENTS               6 .12            below 5

Arco Vara (95 284 150 shares)

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION ON BEHALF OF UK RESIDENTS

                                   10.09            9.77
--------------------------------------------------------------


Tallinn Stock Exchange
Market Services
+372 640 8800