30.10.2003, Tallinna Farmaatsiatehas, TLN

Tallinna Farmaatsiatehas      NEWS RELEASE                      10/30/2003



ABOUT SHAREHOLDERS' EGM



Director of Tallinna Farmaatsiatehase AS announces that the Extraordinary

General Meeting of Shareholders which should have been occurred on 29th of

October didn´t take place because of lack of quorum.



In Extraordinary General Meeting were represented 38 shareholders, which forms

6,3825 % of represented votes.  According to Commercial Code § 297 section 1

a general meeting may adopt resolutions if over one-half of the votes

represented by shares are present. As present were under one-half of the

votes represented by shares, the general meeting was not competent to adopt

resolutions.



According to Commercial Code § 297 section 2 the management board shall,

within three weeks but not earlier than after seven days, call another

meeting with the same agenda. The notice of calling general meeting will be

announced according to law.





Ibraim Muhtsi

Director

+3726120201