NORMA

ANNOUNCEMENT

 

ADDITIONS TO AGENDA OF ANNUAL GENERAL MEETING OF SHAREHOLDERS

 

Annual general meeting of Norma (registry code 10043950; 

address Laki 14, Tallinn) shareholders will be held on 25.04.2000, 

beginning at 9:00 a.m., at Rävala St. 8, Tallinn (former hall of 

Eesti Projekt)

 

Agenda:

 

1. Approval of AS Norma 1999 annual report.

 

The Management Board will make a proposal to AGM to adopt AS Norma 

1999 annual report. 

Between 01.04.2000 and 25.04.2000 the 1999 annual report is 

available at AS Norma (address Laki St. 14, Tallinn, B-corpus, I 

floor) during workdays at 13:00-15:00. AS Norma annual report is 

available at Tallinn Stock Exchange Internet homepage 

(www.tse.ee/news/company/index.htm).

 

2. Profit allocation.

 

AS Norma net profit in year 1999 was EEK 107,588,248. According to 

the profit allocation proposal, EEK 39,600,000 will be paid to 

shareholders in dividends (EEK 3 per share), and EEK 69,988,248 

will not be allocated between shareholders. Income tax due on 

dividends is paid from the owners equity account.

  

3. Amendments to Articles of Association.

 

AS Norma Management Board decided to make a proposal to AGM to 

amend subsection 5 of article 4.1. (competence of Supervisory 

Board) and amend article 5.2. (Management Board representation 

right) of AS Norma Articles of Association, and change the wording 

as follows:

4.1.[The Supervisory Board plans the Company's activity, organizes 

the Company's management and performs supervision over the 

Management Board's activity. The consent of the Supervisory Board 

is needed for the Management Board to perform transactions which 

are beyond the everyday economic operation, primarily for 

performance of transactions involving:]

 

New redaction: - investments exceeding the approved annual budget 

and the amount of which exceeds EEK 1,000,000;

 

New redaction: 5.2. The Company may be represented by each two 

members of the Management Board together. Supervisory Board may 

authorize the Management Board chairman to conduct alone 

transactions within the amount of money determined by the 

Supervisory Board.

 

4. Remuneration of Supervisory Board members.

 

5. Appointment of auditors.

 

List of shareholders entitled to receive dividends will be fixed on 

25.04.2000 at 8:00 a.m. All meeting attendants must present an 

identification document (representatives also need to present a 

proxy); legal and/or contractual representatives of corporate 

shareholders must present documents proving the representation 

right. 

 

Registration of AGM attendants will begin on 25.04.2000 at 8:30 

a.m. at the venue of AGM.

 

For additional information about AGM, please call +372 6 500 442.

 

 

Peep Siimon

Chairman of the Management Board

+372 65 00 442