Harju Elekter                 NEWS RELEASE                      06/05/2002



ADDITIONAL INFORMATION ABOUT SALE OF SHARES IN SUBSIDIARY



On 1.04.02, AS AJT Harju Elekter (AJT), a 100% subsidiary of Harju Elekter

formed on the basis of its cable harnesses factory,started independent

business operations. AJT’s share capital is 6 million kroons, divided into

600 000 shares with a nominal value of EEK 10 each. The company’s supervisory

board has five members: chairman Endel Palla and members Lembit Kirsme, Lembit

Libe, Ülo Merisalu and Karin Padjus. The management board has one member and

Andres Allikmäe, chairman of the management board of Harju Elekter, acts in

the capacity of the director.



Of the transaction price (EUR 2.07m), 61.4% (EUR 1.27m) is payable in money

and the rest in PKC shares after approval by the general meeting of the PKC

shareholders on 25.06.02. The subscription price for a share was EUR 7.29 -

the average share price for the 10 trading days preceding the transaction.

The transaction will close on 1.07.02. The sales transaction of AJT cannot

be treated as a transaction with related persons.



Harju Elekter and AJT have between them one valid contract - a commercial

lease on the production premises. AJT has neither any loan contracts nor any

current court or arbitration proceedings.



The 2001 sales of the cable harnesses factory were EEK 48.8m (EUR 3.1m),

accounting for 24.9% of the consolidated net sales of Harju Elekter. The

total sales of the factory for the first four months of this year amounted to

EEK 23.7m (EUR 1.51m), of which the factory yielded EEK 8.3m (EUR 0.53m) from

its independent operations in April.







Andres Allikmäe

Chairman of Management Board

Tel +372 6 747 400





Moonika Vetevool

PR manager

+372 6 712 761