The shareholders of the Bank on 27th August, 1997 were as follows:

Shareholder

Number of shares

Share of total

Swedbank (Sparbanken Sverige AB)

3,283,870

19.9

EBRD

2,800,000

17.0

Bank of Estonia

1,028,933

6.2

Clients of Merita Bank Ltd.

968,870

5.9

Clients of Bank of Bermuda (Guernsey) Ltd.

852,077

5.2

Hoiupank Securities AS

819,214

5.0

Other shareholders whose participation does not exceed 5% (2,689 shareholders)

6,747,036

40.8

Total number of shares

16,500,000

100.0