OREANDA-NEWS. April 01, 2008. Annual general meeting of Harju Elekter shareholders will be held on 24 April 2008, beginning at 12:00 a.m., at venue of Keila Kultuurikeskus (address: Keskvaljak 12, Keila), reported the press-centre of Harju Elekter.

The Supervisory Board of the Joint Stock Company Harju Elekter determined the following agenda of the general meeting:

1. Approval to AS Harju Elekter annual report of the year 2007. To approve the annual report of AS Harju Elekter of 2007, prepared by the management board and approved by the supervisory board, according to which the consolidated balance sheet total of AS Harju Elekter was 720,312 thousand kroons as of 31.12.2007, while the turnover of the financial year was 731,985 thousand
kroons and net profit 84,456 thousand kroons.

2. Approval to profit distribution.
To approve the profit distribution proposal of AS Harju Elekter of 2007 as presented by the management board and as approved by the supervisory board as follows:

retained profit from previous periods on 31.12.2007 67,438 thousand kroons
net profit of the financial year                    84,456 thousand kroons
total retained profit on 31.12.2007             151,894 thousand kroons
Management board's proposal for the distribution of profit as follows:
dividends 2,00 kroons per share*                    33,600 thousand kroons
Legal reserve                                                3,400 thousand kroons
Balance carried torward after profit distribution  114,894 thousand kroons

The dividends will be paid to the shareholders on 19 May 2008 by a transfer to the bank account of the shareholder. * the shareholders registered in the shareholders' registry on 9 May 2008 at 23,59 shall be entitled to dividend.

The annual report of the year 2007, agenda and proposals to the AGM of shareholders are available for preliminary examination in the Internet, company's home page or in Keila, 31 Paldiski Road. Questions about agenda items can be sent to the address yldkoosolek@he.ee. Questions, answers and the positions of the meeting, will be published on the website.

According to § 297 (5) of the Commercial Code, the list of shareholders entitled to vote at the meeting will be fixed at 23,59 on 14.04.2008. Registration of the participants starts on 24 April 2008 at 11 a.m. For the registration we ask you to take with you an identification document. A representative of shareholder is requested to take with him/her a document certifying their right of representation or a valid copy of the commercial register card.