AS Harju Elekter                Announcement                      2005-07-01



THE PRICE OF PKC OYJ SHARE ON HELSINKI STOCK EXCHANGE



On the last trading day, June 30, 2005, PKC Oyj share was closed at the level

of EUR 10.37. Harju Elekter has 1.86 million PKC shares in its ownership. Due

to the EUR 0.03 decrease in the share price during the Q2 of 2005, the company

gained financial expenses in the amount of EEK 873 thousand or EUR 56

thousand.



PKC Group paid dividends for 2004 0.2 euros (3.1 kroons) per share and

dividends in the total amount of EEK 4.95 million or EUR 0.3 million –

transferred to the shareholders bank accounts on 5 April, 2005. In 2004 Harju

Elekter received PKC dividends in the total amount of EEK 19.4 million (EUR

1.2 million) already in the first quarter.



The price of the PKC Group Oyj share has absolutely no impact on the business

activity, commercial profit or the financial status of AS Harju Elekter.

According to the rules of IAS, the change in the PKC share price on the

Helsinki Stock only influences the state of the company’s assets in the

balance sheet, the change in which will be reflected in the income statement

as financial income/expenditure. Harju Elekter will publish the financial

results of its 1st half-year on the week 31 and PKC Group on 15 July 2005.





Andres Allikmäe

Chairman of the Board

+372 6747 400





For more information: Karin Padjus (chief accountant, member of the Board)

tel +372 6747 403.