NORMA

REPORT



CHANGES IN OWNERS` EQUITY 09/00



(EEK 000'), unaudited



                          Share   Reserves Profit for   Profit      Total

                         Capital            Previous    for the     Owners`

                                           Accouting   Financial    Equity

                                             Periods      Year



31.12.1998               132 000    15 636   122 758     47 578    317 972

Net Retained Earnings of 1998                 47 578    -47 578          0

Dividends                                    -39 600               -39 600

Adjustment                                      -672                  -672

Net Profit for the Financial Year                       107 588    107 588

31.12.1999               132 000    15 636   130 064    107 588    385 288



31.12.1999               132 000    15 636   130 064    107 588    385 288

Net Retained Earnings of 1999                107 588   -107 588          0

Dividends                                    -39 600               -39 600

Net Profit for the Financial Year                       129 467    129 467

30.09.2000               132 000    15 636   198 052    129 467    475 155





Peep Siimon

Chairman of the Board

+372-6500-442