AS Starman hereby announces that the structure of major shareholdings has undergone certain changes. OÜ Polaris Invest, a company controlled by Indrek Kuivallik, has in accordance with the Securities Market Act notified AS Starman that it has sold 311 255 shares in AS Starman to the majority shareholder of AS Starman, Baltic Moontech Investments Holding AS. The respective transfer was completed on 23 December 2008. OÜ Polaris Invest has also swapped all the remaining 1 121 040 shares of AS Starman belonging to it in exchange for the holding in Baltic Moontech Investments Holding AS. The respective transfers were completed on 29 December 2008. OÜ Com Holding, a company controlled by Peeter Kern, has in accordance with the Securities Market Act notified AS Starman that it has swapped all 2 070 000 shares of AS Starman belonging to it in exchange for the holding in Baltic Moontech Investments Holding AS. The respective transfers were completed on 29 December 2008. Baltic Moontech Investments Holding AS, the majority shareholder of AS Starman, has in accordance with the Securities Market Act notified AS Starman that it has acquired, as a result of the above-mentioned transactions, 3 502 295 ordinary shares of AS Starman, and after the completion of the above-mentioned transactions owns 98,5472% of Starman's shares. Henri Treude Marketing Director AS Starman E-mail: henri.treude@starman.ee Tel: 6779 977