30.07.2003, Tallinna Farmaatsiatehas, TLN

Tallinna Farmaatsiatehas      NEWS RELEASE                      07/30/2003



COMMENTARY ON BNS NEWS (2)



Tallinna Farmaatsiatehase AS announces that information regarding export sales

proposed by parent company PJSC Grindeks to the HEX Riga, is trustworthy.

Specified information will be revealed with semiannual financial report of

year 2003.





Ibraim Muhtsi

CEO

+372 6120201