HARJU ELEKTER

ANNOUNCEMENT



ANNUAL GENERAL MEETING OF SHAREHOLDERS



Annual general meeting of Harju Elekter shareholders will be held 

on 26.04.2001, beginning at 10:00 a.m., at venue of Keila 

Kultuurikeskus (address: Keskväljak 12, Keila).



According to the decision of the Supervisory Board of AS Harju Elekter, 

the agenda of the general meeting is as follows:



1.   Approval of AS Harju Elekter 2000 annual report

2.   Profit allocation

3.   Amendments to the Articles of Association, approval of new redaction 

of company's Articles of Association.

4.   Appointment of auditors for year 2001



The Management Board made a proposal to pay dividends for year 2000 

in total amount of EEK 6.48 million (1999 - EEK 5.4 million), or EEK 

1.20 per share (1999 - EEK 1.00). 

List of Harju Elekter shareholders will be fixed for payment of 

dividends on 14.05.2001, at 8.00 a.m.



The annual report of 2000 and amendments to the Articles of Association 

are available on Internet homepage of AS Harju Elekter (www.harjuelekter.ee).

and at the company's head office (address: Keila, Paldiski mnt. 31, III floor).



Registration of participants to the general meeting will start at 9:00 a.m.

All meeting attendants must present an identification document. Representatives 

also need to present a proxy or documents proving the representation right.





Lembit Libe

Chief Economist

+372 67 47 412