2002.03.05, Tallinna Farmaatsiatehas, TLN

Tallinna Farmaatsiatehas      NEWS RELEASE                      03/05/2002



RESOLUTIONS OF SHAREHOLDERS' EXTRAORDINARY GENERAL MEETING



Extraordinary shareholders’ meeting of Tallinna Farmaatsiatehase AS took

place in May 5, 2002, beginning at 11 a.m at the conference center of 

Central Hotel (Narva mnt 7c, Tallinn).



The general meeting was attended by 6 shareholders representing 802 948

shares or 64,2358% of the share capital, thus the General meeting was

eligible to pass resolutions.



The general meeting made resolutions as follows:



1.Elect Ilmar Straus as the Chairperson of the meeting.

  Elect Relika Arras as the Secretary of the meeting.

  Elect Kalle Viks as the member of the Commission for Counting the Votes.



2.Confirm the Rules of the General Meeting in the wording by Management

  Board.



3.Confirm the Agenda of the General Meeting according to the published

announcement:

    1. Opening the Meeting. Election of the Chairman of the meeting, the

       Secretary of the meeting and the Commission for Counting the Votes.

    2. Confirmation of the Rules of the General Meeting.

    3. Confirmation of the Agenda of the General Meeting.

    4. Approval of the License Agreement between Tallinna Farmaatsiatehase

       AS and PJSC Grindeks.



4.Approve the License agreement signed on February 8, 2002 between Tallinna

Farmaatsiatehase AS and PJSC Grindeks in the wording as presented to the

general meeting.





The meeting was ended at 12.00





Ibraim Muhtshi

Chairman of the Board

+372 6 120 201