KLEMENTI

ANNOUNCEMENT



RESOLUTIONS OF SHAREHOLDERS' ANNUAL GENERAL MEETING



On 30.03.2001 the annual general meeting of AS Klementi shareholders 

adopted the company's 2000 consolidated annual report, with balance 

sheet size of EEK 97,275,000 and net profit for the year of 

EEK 1,194,502, and auditor's report.



The AGM also approved the profit allocation proposal made by the 

Management Board as follows:

- Transfer of EEK 59,725 or 1/20 of net profit to captial reserve;

- Transfer of EEK 1,134,777 to the account of retained earnings;

- No dividends will be paid.



The AGM appointed Marek Sukk of AS KPMG Estonia to audit the 

company's financial statements in year 2001.





Madis Võõras

Management Board chairman

+372 6 710 700