NORMA

ANNOUNCEMENT



RESOLUTIONS OF SHAREHOLDERS' ANNUAL GENERAL MEETING



The annual general meeting of AS Norma shareholders, held on 

09.05.2001, made the following resolutions:



1. Approval of annual report

To approve the annual report 2000.



2. Profit allocation

To distribute profit earned in 2000 as follows:

AS Norma net profit of EEK 157,449,308 earned in 2000 will not be 

allocated between shareholders. To pay dividends to shareholders 

in the amount of 50% of share par value or EEK 5 per share, totaling 

EEK 66,000,000.  Dividends are paid from profit after taxes from 

the previous periods (1994-1999). 

List of shareholders entitled to receive dividends will be fixed on 

23.05.2001 at 8:00 a.m. Dividend payments will be made not later 

than on 04.06.2001.



3. Amendments to Articles of Association

To approve the changes to Article 4.4 of Articles of Association 

as follows:



4.4. Supervisory Board has 6 (six) members. Shareholders' Annual 

General Meeting shall elect members of the Supervisory Board for 

the term of 3 (three) years. In between the General Meetings the

Company's majority shareholder may recall no more than three 

Supervisory Board members elected by the Shareholders' Annual 

General Meeting, and appoint new members to the Supervisory Board 

if the Annual General Meeting is due later than 1 (one) month.



4. Recall and election of Supervisory Board members

To recall Supervisory Board members Lars-Gunnar Skötte and Hans 

Biörck, and elect Leif Berntsson (born on 29.11.1955) and 

Magnus Lindquist (born on 16.09.1963) new members of the 

Supervisory Board of AS Norma. To re-elect Raivo Erik (born on 

30.09.1968) member of the Supervisory Board for the new period 

of office.



5. Appointment and order of remuneration of auditors

The AGM appointed Urmas Kaarlep and Hanno Lindpere of 

AS PriceWaterhouseCoopers to audit AS Norma financial reports 

during the period of 1 year. The amount of remuneration to the 

auditors will be determined by the Supervisory Board; the Supervisory 

Board will also make an agreement with the auditors.





Peep Siimon

Management Board chairman

+372 6500 442