CHANGES IN SUBSTANTIAL SHAREHOLDINGS


As of 05.03.2007 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%, 20%, 33%, 50% and 66% are considered to be 
significant.

 
Issuer                       Previously     Per cent of 
                     disclosed per cent    shares as of
   Shareholder                of shares     05.03.2007
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Baltika (6 214 950  shares)
 
 MORGAN STANLEY + CO INCORPORATED EQUITY CLIENT ACCOUNT

                               below 5          5.16
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