Norma                         NEWS RELEASE                      05/17/2002



RESOLUTIONS OF GENERAL MEETING



Starting at 9 a.m. on 16 May 2002, an annual general meeting of the 

shareholders of AS Norma was held at Rävala pst. 8, Tallinn, Estonia, 

with the following agenda:



1.approval of the annual report;

2.distribution of profit;

3.re-election of the members of the supervisory board;

4.appointment of an auditor and determination of the procedure

for remuneration.



The following resolutions were adopted at the general meeting of AS Norma.



1.Approval of the annual report



The general meeting of the shareholders of AS Norma resolved to approve the

annual report of AS Norma of 2001.



2.Distribution of profit



Not to distribute the net profit of 177,638,399 kroons (11,353,134 EUR),

earned by AS Norma in 2001. To pay the shareholders dividends in the amount

of 60% of the nominal value of a share, that is six kroons per share, in the

total amount of 79,200,000 kroons (5,061,790 EUR). The dividends should be 

paid on account of the taxed net profit retained from the previous periods 

(1994–1999). A list of the shareholders entitled to receive dividends will 

be closed at 8 a.m. on 30 May 2002. 

Dividends are to be paid on 5 July 2002 at the latest.



3.Re-election of the members of the supervisory board



The general meeting of the shareholders of AS Norma resolved to recall the 

entire supervisory board of AS Norma and to re-elect the following persons

as the new members of the supervisory board of the public limited company

Norma for a new term with its powers taking into effect as from 16 May 2002:

Jörgen I. Svensson (born 22 February 1962), Toomas Tamsar (born 

22 February 1967), Raivo Erik (born 30 September 1968), Aare Tark 

(born 4 April 1959), Leif Berntsson (born 29 November 1955) and 

Magnus Lindquist (born 16 September 1963).



4.Appointment of auditor and determination of the procedure for remuneration



The general meeting of the shareholders of AS Norma resolved to appoint Urmas

Kaarlep and Hanno Lindpere from AS PriceWaterhouseCoopers as the auditors of

AS Norma for the term of 1 (one) year. The general meeting of the

shareholders of AS Norma decided that decision on the amount of remuneration

to be paid to the auditors shall be in the discretion of the supervisory

board who shall also conclude an agreement with the auditors.





Peep Siimon

Chairman of Management Board

+372 6500 442