AS HARJU ELEKTER               NOTICE                        2005-12-09



Harju Elekter entered into a licence agreement with Siemens



AS Harju Elekter entered into a licence agreement with Siemens AG and Siemens

AS for the manufacturing of Sivacon-type low-voltage distribution board in the

Group’s Estonian and Finnish plants.



The use of Sivacon technology significantly expands the product range of the

Harju Elekter Group, enabling it to offer its clients low-voltage switchgear

solutions, up to the rated current of 7400 A. The technical solutions of

Sivacon have all of the required certificates of conformity both in the

European Union and Russia. Sivacon also holds the certificates of conformity

required in shipbuilding. According to the agreement, the Harju Elekter Group

will be the first company to obtain the right to manufacture these products in

Finland and the Baltic States. In addition, the purchasing of the licence

allows for economising on the expenditures made by the Group on product

development and certification.



The principal activity of the Harju Elekter Group is the manufacturing of

electrical equipment and materials, supported by manufacturing of sheet metal

products and a commercial unit specialising in the sale of electrical

equipment. The Harju Elekter Group is comprised of the following subsidiaries

manufacturing electrical equipment: AS Harju Elekter Elektrotehnika, Satmatic

Oy and UAB Rifas as well as AS Eltek which manufactures sheet metal products.

In addition, Harju Elekter has shareholdings in the associated companies Keila

Kaabel (34%) and Saajos Inexa (33.3%) and a long-term financial investment in

the publicly traded Finnish company PKC Group Oyj (>10%).





Andres Allikmäe

Chairman of Management Board

+372 6 747 400



Additional information: Ülo Merisalu, Manager of AS Harju Elekter

Elektrotehnika, tel. +372 6747 449.