Klementi                      NEWS RELEASE                      06/02/2004



ANNUAL GENERAL MEETING OF SHAREHOLDERS



Annual general meeting of AS Klementi shareholders will be held on Tuesday, 

29 June 2004, beginning at 3:00 p.m., at Akadeemia 33, Tallinn. 



The agenda of the AGM and the proposals are as follows:



1. Approval of Annual Report for the year 2003 and profit allocation.



The management board proposes that general meeting approves the annual 

report for 2003 and transfers the net loss for 2003 in the amount of 

21,641 th. EEK into the retained profit/loss.



2. Appointment of the auditor.



The management board proposes that general meeting appoints Pricewaterhouse 

Coopers AS auditor Tiit Raimla to audit AS Klementi in 2004. Remuneration of 

the auditor will be based on a contract with the auditing company.



3. Recalling member of the Council.



To recall Mr. Madis Võõras from the Supervisory Board.







Registration of the participants starts at 2:30 p.m. 



Upon registration the legitimate representatives of the corporate share-

holders are asked to submit the documents, which would approve their right

to representation. For the board members of a corporate body it is a copy

of the registration card of the company, for the authorized representatives

it is the authorization from the board or its substitute and a copy of the

registration card of the company. The document for personal identification

will be required. The individual shareholders will be asked to submit the

document for personal identification, a representative will be asked to

submit also the authorization. 



The annual report of the year 2003 is available for examination on workdays 

at the company’s secretary in room 301 at Akadeemia 33, Tallinn, and on the 

Internet home page of Tallinn Stock Exchange at <a href='http://www.hex.ee/reports.' target='_blank'>http://www.hex.ee/reports.</a>





Toomas Leis

Chairman

+372 6 710 700