2003.10.31, Tallinna Farmaatsiatehas, TLN

Tallinna Farmaatsiatehas      NEWS RELEASE                      10/31/2003



EXTRAORDINARY GENERAL MEETING



The Director of Tallinna Farmaatsiatehase AS hereby convenes the

extraordinary general meeting of shareholders of Tallinna Farmaatsiatehase AS

on November 10, 2003 at 14.00 (registration starts at 13.30 p.m ) at Hotel

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

Cuxhaven+Bremerhaven, 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.Amendment to the License Agreement between Tallinna Farmaatsiatehase AS

and PJSC Grindeks.

5.Conclusion of the Agreement for the Sale of Intellectual Property 

and Know-How.

6.Amendment to the Loan Agreement between Tallinna Farmaatsiatehase AS

and PJSC Grindeks.

7.Other.





Ibraim Muhtsi

Director

+3726120201