Norma                         NEWS RELEASE                      07/23/2002



SALE OF PROPERTY



On 19 July 2002, AS Norma Maja and AS Landeste signed a contract for the

sale of a registered immovable belonging to the 100% subsidiary of AS Norma,

AS Norma Maja. 

The property is in Tallinn at Laki 14A and on it there is a 7-floor office 

building with a total area of 7914 square meters.  The building was 

completed between  1987 and 2000 and was used as rental premises during

the recent years.

 

The registered immovable was sold at public auction on the basis of the 

strategic decision of the supervisory board of AS Norma to concentrate on 

the main area of operation, i.e. the manufacture and marketing of security 

systems for motor vehicles.

The parties have agreed to keep the terms and conditions of the contract 

confidential.





Peep Siimon

Chairman of Management Board

+372 6500 442