KALEV

ANNOUNCEMENT



RESOLUTIONS OF SHAREHOLDERS' ANNUAL GENERAL MEETING



18 shareholders/proxies attended the annual general meeting of AS Kalev 

shareholders, representing altogether 71.9% of total votes with 5,661,336 

shares. 



Annual general meeting of AS Kalev shareholders made the following 

resolutions: 

1. to adopt the 1999 annual report;

2. to recall the following Supervisory Board members: Lembit Tampere,

Eneli Oras, Guido Gritsenko, Jaak Roosipuu;

to appoint the new Supervisory Board members: Ülo Suurkask and Toivo Annus. 

The tenure of new Supervisory Board members shall last until the next annual 

general meeting of shareholders.

3. to appoint Urmas Kaarlep and Hanno Lindpere of AS PricewaterhouseCoopers 

to audit AS Kalev financial reports.





Kristina Seimann

Public Relations Manager

+372 628 3858