NORMA

ANNOUNCEMENT



SALE OF HOLDING IN AS NORSAFE



On 20.06.2000 AS Norma signed an agreement for sale of its 50% shareholding 

in AS Norsafe to Finnish Inka OY. After the transaction Inka Group will own 

100% of AS Norsafe shares.



Norma decided to sell its holding due to the company's strategy to 

focus on its main activity field - production and sale of safety 

equipment for cars. 



AS Norsafe was founded in 1989. The company produces and sells equipment for 

lifting and fastening of goods. AS Norsafe is among the market leaders in the 

Baltic countries in its activity field. In 1999 Norsafe's turnover was EEK 36 

mln; the company's production and sales unit in Tallinn employs 32 people.



Inka Group is a member in Helsinki Stock Exchange listed Lassila and Tikanoja 

Group; the company produces and sells lifting and fastening equipment for 

industrial tape and goods. Inka OY is among the market leaders in the 

Northern Europe in its activity field. In 1999 Inka's turnover was EUR 17.4 

mln; the company employed 175 people. 



In 1999 Norma's turnover was EEK 516.4 mln, and the company employed 1,159 

people. The group has a 100% holding in subsidiaries AS Tööriistavabrik, AS 

Norma Maja, Eksamo Automaatika AS, AS Metaprint, and ZAO Norma Osvar in 

Russia.





Peep Siimon

Chairman of the Board

+372 65 00 442