RAKVERE LIHAKOMBINAAT

ANNOUNCEMENT



RESOLUTIONS OF SHAREHOLDERS' ANNUAL GENERAL MEETING



Resolutions of AS Rakvere Lihakombinaat shareholders' annual 

general meeting of 10.05.2001.



The AGM made the following resolutions:



1. to approve 2000 annual report; to allocate the 2000 profit 

(EEK 1,216,424) as follows:

a) EEK 1,155,603 - to transfer to retained earnings account;

b) EEK 60,821 - to transfer to the reserve fund, as stipulated 

in the Commercial Code (Article 336, Section 3).



Decision was made unanimously, i.e. 100% of shareholders

attending the meeting voted in favour. None of the shareholders

attending AGM were neutral or against the decision.



2. to appoint Urmas Kaarlep and Ago Vilu of PriceWaterhouseCoopers to 

audit the financial reports of AS Rakvere Lihakombinaat in financial 

year 2001. The auditors will be remunerated in accordance with the 

respective agreement.



Decision was made unanimously, i.e. 100% of shareholders

attending the meeting voted in favour. None of the shareholders

attending AGM were neutral or against the decision.



Voting through ballot labels was organized by Tallinn Stock Echange.

The votes were counted electronically.





Olle Horm

Management Board chairman

+372 322 9211