NORMA

ANNOUNCEMENT



GENERAL MEETING OF SHAREHOLDERS AND DISTRIBUTION OF PROFIT



The Annual General Meeting of AS Norma (address 14 Laki Str. Tallinn) 

shareholders will be held in May 16, 2002 at 9 a.m., at the location

of 8 Rävala Str. Tallinn. 



The agenda of the meeting is the following: 



1. Approval of the annual report 



The Management Board will make a proposal to AGM to adopt AS Norma 2001

annual report.

Every business day at 8 a.m - 4 p.m. from February 25 to May 16, 2002, 

the annual report is available for shareholders in AS Norma head office

at 14 Laki Street Tallinn A-building, entrance B1, ground floor. 



2. Profit distribution 



In 2001 AS Norma consolidated net profit amounted to EEK 177,638,399 

(11,353,134 EUR).  

Profit distribution proposal: 

To pay dividends to shareholders in the amount of 60% of share par value

or EEK 6 per share, totaling EEK 79,200,000 (5,061,790 EUR ,   

0,38 EUR per share).  Dividends are paid from the profit after taxes of

previous periods (1994-1999). The list of shareholders will be closed for 

dividend payments in May 30, 2002 at 8 a.m. 



3. Appointment of auditor 







The shareholders (or a representative, in case of common shareholding) 

registered in the Shareholders’ Registry of AS Norma in the Estonian 

Central Depository for Securities as of 15.05.2002, 3 p.m., 

are eligible to participate in the general meeting. The shareholders 

can participate in the general meeting personally or through authorized 

representative.  All meeting attendants must present an identification

document (representatives also need to present a proxy); legal and/or 

contractual representatives of corporate shareholders must present 

documents proving the representation right.  Registration of AGM 

attendants will begin in May 16, 2002 at 8.30 a.m. at the venue of AGM.



For additional information about AGM, please call +372 6 500 444.





Peep Siimon

Chairman of the Board

+372 6500 442