AS Harju Elekter             Announcement                   04.01.2005



Financial income from PKC Oyj shares



On the last trading day, December 30, 2004, PKC Oyj share was closed at the 

level of EUR 10,25. Harju Elekter has 1.86 million PKC shares in its 

ownership. Due to the EUR 1,49 increase in the share price during the 4th 

quarter of 2004, the company gained additional financial income in the amount 

of EEK 43.4 million (EUR 2.77 million).



Additional financial income from PKC shares revaluation amounted to EEK 92.2 

million i.e. EUR 5.9 million in 2004 (in 2003 EEK 137.9 million i.e. 

EUR 8.8 million).







Andres Allikmäe

Chairman of the Board

+372 6747 400