OWNERSHIP STRUCTURE

Ownership structure of Merkur, d. d., as at 31 Dec., 1998
Item	Number of shareholders	Number of shares	In %
EBRD	1	174.634	19,14
Authorised investments funds of Nacionalna financna druzba	1	123.437	13,53
Capital fund of Old-Age and Disability Pension Insurance Institute of Slovenia	1	113.892	12,48
Slovene Compensation Fund, d. d.	1	74.895	8,20
Authorised investments companies Atena, d. d.	3	31.214	3,42
Authorised investment companies Nika, d. d.	2	8.471	0,93
Novotehna, d. d.	1	7.839	0,86
Employees	1.098	209.883	23.00
Other shareholders	2.260	168.320	18.44
Total	3.368	912.585	100.00