Changes in the structure of the Eesti Telekom Group


From 1 July 2007, decisions of AS Eesti Telekom Council from 18 April 2007      
regarding changes in the management and structure of the Eesti Telekom Group    
became effective.                                                               

From 1 July 2007,  AS MicroLink Eesti is a 100% owned direct subsidiary of AS   
Eesti Telekom. AS Eesti Telekom purchased AS MicroLink Eesti from AS MicroLInk, 
a 100% subsidiary of Elion Ettevõtted AS. It has been decided to merger AS      
Microlink, a holding company, with Elion Ettevõtted AS.                         

From 1 July 2007, the Management Board of AS Eesti Telekom has been extended    
with the following people:                                                      
                                                                                
Leho Tamm CFO and member of the Management Board. He will also continue in his  
position as CFO of AS EMT                                                       
Valdur Laid  Member of the Management Board. He will also continue in his       
position as CEO of Elion Ettevõtted AS.                                         
Enn Saar Member of the Management Board. He will also continue on his position  
as CEO of AS Microlink Eesti.                                                   
                                                                                
AS Eesti Telekom Management Board member and CFO Hille Võrk, left the position  
on 30 June 2007.                                                                

The changes are aimed to improve the service of customers and efficiency of the 
Eesti Telekom Group, and increase cooperation between the companies.            

Eesti Telekom <http://www.telekom.ee>  is the largest group of                  
telecommunications and IT companies in Estonia. Its shares have been quoted on  
the Tallinn and London stock markets since 1999 (OMX:ETLAT/LSE:EETD).           

Eesti Telekom's subsidiary AS EMT <http://www.emt.ee>  is Estonia's largest     
mobile operator, offering the best quality in voice communication services and  
innovative mobile data communication and content services.                      

Eesti Telekom's subsidiary Elion Enterprises AS <http://www.elion.ee>  maintains
the leading position in Estonia in the market for fixed-line voice              
communication, Internet connections and data communication solutions, and has   
vigorously entered the digital television market.                               

Eesti Telekom's subsidiary AS MicroLink Eesti http://www.microlink.ee is the    
largest provider of IT solutions in Estonia. MicroLink provides its clients all 
the services related to the management and development of IT operations.        

Gunnar Hannus                                                                   
AS Eesti Telekom, Financial Manager                                             
Phone +372 6 111 472                                                            
Email: gunnar.hannus@telekom.ee
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