Harju Elekter                 NEWS RELEASE                      03/12/2004



ANNUAL GENERAL MEETING OF SHAREHOLDERS



Annual general meeting of Harju Elekter shareholders will be held

on 16 April 2004, beginning at 10:00 a.m., at venue of Keila

Kultuurikeskus (address: Keskväljak 12, Keila).



The Supervisory Board of the Joint Stock Company Harju Elekter determined

the following agenda of the general meeting:



1. Approval to AS Harju Elekter annual report of the year 2003.

2. Approval to profit distribution.



The Management Board shall propose at the shareholders general meeting to

pay dividends to the shareholders for 2003 financial year in the amount of

21.6 (2002: 10.8) million kroons or 4.00(2002: 2.00) kroons per share.

The shareholders registered in the sherholders’ registry on 3 May 2004

at 9 a.m shall be entitled to dividend.



The annual report of the year 2003 is available for preliminary examination 

at the company’s secretary on the third floor of Harju Elekter office 

building in Keila, 31 Paldiski Road and in the Internet, company’s home 

page <a href='http://www.harjuelekter.ee' target='_blank'>http://www.harjuelekter.ee</a> since 22 March 2004.



Registration of the participants starts on 16 April 2004 at 9 a.m. For the

registration we ask you to take with you an identification document. A

representative of shareholder is requested to take with him/her a document

certifying their right of representation or a valid copy of the commercial

register card.







Andres Allikmäe

Chairman of the Management Board

+372 6747 400





Moonika Vetevool

PR manager

+372 6 712 761