10.05.2000, Tallinna Farmaatsiatehas, TLN

TALLINNA FARMAATSIATEHAS

ANNOUNCEMENT



PROPOSAL FOR ALLOCATION OF NET PROFIT



The Management Board of Tallinna Farmaatsiatehase AS makes a proposal

to Tallinna Farmaatsitehase AS sharesholders to distribute the profit

to accumulated deficit.



The balance of accumulated deficit as 

at 31. December 1999 			      -8 560 442 EEK



Net profit for the period ended 

31. December 1999			       5 781 787 EEK



Balance of the accumulated deficit after 

the annual report has been signed	      -2 778 655 EEK





Raivo Unt

Financial Director

+372 6120201