2001.03.19, Tallinna Farmaatsiatehas, TLN

TALLINNA FARMAATSIATEHAS

ANNOUNCEMENT



CHANGES IN THE MANAGEMENT BOARD



With regard to resignation applications, Supervisory Board of Tallinna 

Farmaatsiatehase AS decided on 19.03.2001 to recall Management Board 

chairperson Jelena Borcova and Management Board member Alar Kiilmaa.



Supervisory Board of Tallinna Farmaatsiatehase AS elected Sales 

and Planning Department Manager Ibraim Muhtshi new chairman of the 

Management Board, and CFO Raivo Unt new member of the Management Board. 

Ibraim Muhtshi works at Tallinna Farmaatsiatehase AS since 1995, and 

Raivo Unt since 1999.



Ibraim Muhtshi and Raivo Unt do not own shares in Tallinna Farmaatsiatehase AS.





Raivo Unt

Management Board member

+372 6120201