Harju Elekter                 NEWS RELEASE                      01/16/2003



APPLICATION FOR TRANSFER TO MAIN LIST



We hereby inform that AS Harju Elekter presented today, on 16.01.2003, to

Tallinn Stock Exchange an application for transferring its shares to the

TSE main list.







Andres Allikmäe

Chairman of the Management Board

+372 6 747 400





Moonika Vetevool

PR manager

+372 6712 761