AS HARJU ELEKTER                STOCK RELEASE               2004-12-14



APPOINTMENT OF MANAGEMENT BOARD OF SUBSIDIARY



At its meeting of 14.12.2004, the supervisory board of AS Eltek, a 100 per

cent subsidiary to AS Harju Elekter, decided to appoint a management board

consisting of a single member for the next three-year period since the term

of office of the former management board expired, and to appoint the former

chairman of the management board Mr. Aare Metsur as the managing director.



Eltek is Harju Elekter’s subsidiary since 1998. The core business of the

company is design, manufacture and marketing of sheet metal products for the

telecommunication and data transfer markets. Eltek’s turnover in 9M 2004 was

35,3 million kroons or 2,26 million euros (9M 2003: 33,5 million kroons or

2,14 million euros)







Andres Allikmäe

Chairman of the Board

+372 6747 400