Norma                         CORRECTIVE RELEASE                04/23/2003



CORRECTION TO CASH FLOWS AS OF 31.03.03



In english version of previously disclosed announcement there were 

two minor mistakes. 



The line "Property, plant and equipment discount" 

is corrected to "Increase(-), decrease(+) in current assets"



The line "Increase(-), decrease(+) in current assets"

is corrected to "Increase(-), decrease(+) in current liabilities"



The figures remained unchanged.



Corrected cash flow statement follows:

 

------------------------------------------ 



Consolidated cash flows as of 31.03.03

unaudited



                                  EEK in thousands    EUR in thousands

                                  31.03.03  31.03.02  31.03.03  31.03.02

                              

    Operating activities            

Operating profit                      19 400   38 424    1 240    2 456 

Profit from sale of property,        

plant and equipment                     -112     -344       -7      -22

Deprecation                           11 805    9 496      754      607

Property, plant and equipment write-off   22        4        1        0

Increase(-), decrease(+) in          

current assets                       -97 153  -16 438   -6 209   -1 051

Increase (-), decrease (+) in      

current liabilities                   26 653   -2 421    1 703     -155

Interest received and other                 

financial income                         957    2 417       61      154   

Interest and other financial      

expenses paid                             -9       -7       -1        0

Total operating activities           -38 437   31 131   -2 457    1 990

   Investing activities                                          

Property, plant and equipment sold       112      344        7       22

Property, plant and equipment        

acquired                             -31 018   -3 352   -1 982     -214

Loans issued                             -81      -32       -5       -2

Financial activities change                0   -4 000        0     -256

Loans repaid                              63      120        4        8

Total investing activities           -30 924   -6 920   -1 976     -442

Net cash flow                        -69 361   24 211   -4 433    1 547



   Movement in cash and cash equivalents

Cash and cash equivalents at the         

beginning of the period              342 848  182 901	21 912	 11 689

Net cash flow                        -69 361   24 211	-4 433	  1 547

Foreign exchange gain                   -126     -130      -8        -8

Cash and cash equivalents at the  

end of the period                    273 361  206 982	17 471	 13 229

incl.cash and bank accounts          147 496   39 659	 9 427	  2 535

     marketable securities           125 865  167 323	 8 044	 10 694





Peep Siimon

Chairman of the Board

+372 6500 442