2003.07.16, Tallinna Farmaatsiatehas, TLN

Tallinna Farmaatsiatehas      NEWS RELEASE                      07/16/2003



EXTRAORDINARY GENERAL MEETING



The Director of Tallinna Farmaatsiatehase AS hereby convenes the

extraordinary general meeting of shareholders of Tallinna Farmaatsiatehase AS

on July 25, 2003 at 16.00 (registration starts at 15.30 p.m ) at Hotel

Radisson SAS (Rävala pst 3,Tallinn) in conference centre Lübeck, located on

the 2. floor.



Agenda:



1.	Opening of the meeting. Election of the meeting’s Chairman,

	recorder and poll committee.

2.	Approval of the meeting standing order.

3.	Approval of the meeting agenda.

4.	The strategic development of Tallinna Farmaatsiatehase AS in the

future.

5.	Amendment to the Concern Agreement between Tallinna

Farmaatsiatehase AS and PJSC Grindeks.

6.	Amendment to the License Agreement between Tallinna

Farmaatsiatehase AS and PJSC Grindeks, regulation of financial relations.

7.	Recall of Council members.

8.	Election of new Council members.

9.	Reward of Council members.

10.	Other.





Raivo Unt

CFO

+372 612 0201