NORMA

ANNOUNCEMENT



SALE OF SUBSIDIARY



On 29.12.2000 AS Norma and Goldgem Investments of Great Britain 

signed an agreement for sale of 100% shares in Norma’s subsidiary AS 

Metaprint.



Sale of shares was due to Norma’s strategic goal to focus on its core 

business activities, i.e. production and sale of safety equipment for 

cars.



AS Metaprint was established in 1995 as Norma’s fully owned subsidiary. 

The core business of Metaprint was lithography, and production and sale 

of tin cans and toys made of tin sheet. Metaprint employed 33 people. 

Based on last audited annual report (1999), the balance sheet size of 

Metaprint accounted for 3.4% of Norma’s balance sheet size, and owners 

equity and turnover accounted for 1.6% and 8% of Norma group’s indicators, 

respectively.



Sale of Metaprint shares does not have a substantial impact on AS 

Norma financial results.



This transaction cannot be treated as transaction with related 

parties.





Peep Siimon

Management Board chairman

+372 65 00 442