09.03.2005, Tallinna Farmaatsiatehas, TLN

Tallinna Farmaatsiatehase AS              News Release                 09/03/2005



COMMENTS ON VALDIS JAKOBSONS’ INTERVIEW TO KAUPPALEHTI



Valdis Jakobsons, the Chairman of the Management Board of Grindeks, the parent 

company of Tallinna Farmaatsiatehas, gave an interview to a Finnish newspaper 

Kauppalehti lately confirming that Grindeks intends to terminate the listing of shares 

of Tallinna Farmaatsiatehas on Tallinn Stock Exchange. 



Grindeks holds 93.52% of the shares of Tallinna Farmaatsiatehas and wants to buy 

the remaining shares from the minority shareholders of Tallinna Farmaatsiatehas.



The takeover of shares for the price announced in July 2004 was unsuccessful as the 

respective resolution was not adopted on the proposed conditions in the general 

meeting of shareholders. As indicated in the interview of 16 February 2005, Grindeks 

has not given up its intention to buy the remaining shares and terminate the listing of 

shares. There is no intention to make a takeover bid to the minority shareholders.





Raivo Unt

Director of finance

+3726120201