OREANDA-NEWS. Annual general meeting of Harju Elekter shareholders will be held on 23 April 2009, beginning at 10:00 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 2008.
To approve the annual report of AS Harju Elekter of 2008, prepared by the management board and approved by the supervisory board, according to which the consolidated balance sheet total of AS Harju Elekter was 601,987 thousand kroons as of 31.12.2008, while the turnover of the financial year was 871,610 thousand kroons and net profit 38,551 thousand kroons.

2. Approval to profit distribution.
To approve the profit distribution proposal of AS Harju Elekter of 2008 as presented by the management board and as approved by the supervisory board as follows:

retained profit from previous periods on 31.12.2008 114,894 thousand kroons net profit of the financial year - 38,551 thousand kroons

total retained profit on 31.12.2008 - 153,445 thousand kroons

Management board's proposal for the distribution of profit as follows:

dividends 1,00 kroons per share*  - 16,800 thousand kroons

Balance carried torward after profit distribution - 136,645 thousand kroons.

The dividends will be paid to the shareholders on 20 May 2009 by a transfer to the bank account of the shareholder. * the shareholders registered in the shareholders' registry on 8 May 2009 at 23.59 shall be entitled to dividend.

3. Appointment of auditors
To appoint KPMG Baltics AS, register code 10096082 to perform the audit of AS Harju Elekter on the years 2009-2011. Consent obtained. The auditor will be remunerated according to the agreement.

4. Planning of a placing
To  approve the management board's proposal concerning the planning of a placing of up to 600 000 shares with nominal value EEK 10 in the year 2012.

The annual report of 2008, 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 from 2.4.2009. 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 13.04.2009. Registration of the participants starts on 23 April 2009 at 9 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.