21.05.2004, Tallinna Farmaatsiatehas, TLN

Tallinna Farmaatsiatehas      NEWS RELEASE                      05/21/2004



REGULAR GENERAL MEETING OF THE SHAREHOLDERS



The Director of Tallinna Farmaatsiatehase AS proposes to assemble the regular

general meeting of the shareholders of Tallinna Farmaatsiatehase AS in Reval

Hotel Central (Narva mnt 7c, Tallinn) conference centre in 2 hall of studio

located on the 2 floor on June 15, 2004 14.00 (registration starts at 13.30).



Agenda:



1.	Opening of the meeting. Election of the meeting’s Chairman,

recorder and poll committee.



2.	Approval of the meeting order.



3.	Approval of the meeting agenda.



4.	Report of Tallinna Farmaatsiatehase AS Director.



5.	Approval of the annual report for 2003 and the conclusion of the

auditor.



6.	Approval of the proposal for distribution of net profit of 2003.



The Director of Tallinna Farmaatsiatehase AS proposes to allocate the net

profit for 2003 in the amount of 10 228 026 EEK to retained earnings.



7.	Election of auditor.



The audit enterprise AS Deloitte & Touche Audit (registration number

10687819, address Roosikrantsi 2, 10119 Tallinn), gives consent to define

Toomas Prükk (auditor license No. 509, personal code 37607056522, residing in

Tallinn) as an auditor of Tallinna Farmaatsiatehase AS.



8.	Others.



It is possible to get acquainted with the annual report for 2003 at Tondi 33,

Tallinn and corresponding information is promulgated on HEX Tallinn Internet

site at <a href='http://www.hex.ee.' target='_blank'>http://www.hex.ee.</a> If you have questions connected with the regular general

meeting contact us by phone number 612 0201. We ask shareholders to take with

them: physical person’s passport and an authorization, if you are a

representative of a physical person, B-card of legal entity and documents

that prove authority of the representative.





Ibraim Muhtsi

Director

6120201