NORMA

REPORT



CHANGES IN OWNERS` EQUITY AS OF 30.06.01



EEK in thousands, unaudited



                     Share   Reserves Profit for Profit     Total

                     capital          previous   for the   owners`

                                      accouting  financial equity

                                      periods    year

                                                   

31.12.1999          132 000  15 636   130 064    107 588   385 288

Net retained earnings                     

of 1999                               107 588   -107 588         0

Reserves                     -2 436     2 436                    0

                                

Dividends                             -39 600              -39 600

Net profit for the                                   

financial year                                   157 449   157 449

31.12.2000          132 000  13 200   200 488    157 449   503 137

                          

31.12.2000          132 000  13 200   200 488    157 449   503 137

                           

Net retained earnings                    

of 2000                               157 449   -157 449         0

Dividends                             -66 000              -66 000

Net profit for the                                    

financial year                                    87 493    87 493



30.06.2001          132 000  13 200   291 937     87 493   524 630





Peep Siimon

Chairman of the Board

+372 6500 442