AS Norma                  Release                     18.05.2005



Resolutions of general meeting 



Starting at 9 a.m. on May 18, 2005, 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 2004.



2.Distribution of profit



Not to distribute the net profit of 104,988,368 EEK (6,709,980 EUR),

earned by AS Norma in 2004. To pay the shareholders dividends in the amount

of 50% of the nominal value of a share, that is five kroons (0.32 EUR) 

per share,in the total amount of 66,000,000 EEK (4,218,169 EUR). 

A list of the shareholders entitled to receive dividends will be closed 

at 8 a.m. on June 1, 2005. 

Dividends are to be paid on July 5, 2005 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 May 16, 2005:

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

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

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

Rolf Henke (born April 14, 1944).

New person of the supervisory board Mr. Rolf Henke place of work and position 

during the last 3 years:

    -Autoliv GmbH Managing Director

    -since 2003 additionaly to his role as Managing Senior Vice President

     European Seatbelt Division

Rolf Henke has no shares of AS Norma.



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



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

Ernst&Young Baltic AS 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