OREANDA-NEWS. April 6, 2011. Annual General Meeting of Harju Elekter shareholders will be held on Friday, 29 April 2011, beginning at 10:00 a.m., at venue of Keila Kultuurikeskus  (address: Keskvaljak 12, Keila).

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 2010. To approve the annual report of AS Harju Elekter of 2010, prepared by the management board and approved by the supervisory board, according to which the consolidated balance sheet total of AS Harju Elekter was 862,347 thousand kroons as of 31.12.2010, while the turnover of the financial year was 639,708 thousand kroons and net profit 35,912, of which the share of the owners of the Parent was 34,008 thousand kroons.

2. Approval to profit distribution. To approve the profit distribution proposal of AS Harju Elekter of 2010 as presented by the management board and as approved by the supervisory board as follows:

The dividends will be paid to the shareholders on 24 May 2011 by a transfer to the bank account of the shareholder. * The shareholders registered in the shareholders' registry on 13 May 2011 at 23.59 shall be entitled to dividend.

3. Amendment to the articles of association. In conjunction with the changeover to the euro, to amend clauses 3.1 and 3.2 of the articles of association of AS Harju Elekter as follows:
3.1 The minimum amount of share capital of the Company is EUR 3,500,000 and the maximum amount is EUR 14,000,000.
3.2 Share capital has been divided into registered shares of one class, with the nominal value of 70 cents (EUR 0.7) each. Each share shall grant one vote at a general meeting of shareholders. The rights arising from the registered shares of the Company shall belong to a person who has been entered as a shareholder in the share register. To approve the articles of association of AS Harju Elekter in the new redaction.

4. Increase of share capital.
In conjunction with the recognition of share capital in euros, to round the nominal value of the existing shares to 0.7 euros, i.e. the closest possible size. As a result of this, to increase the share capital of AS Harju Elekter by bonus issue of AS Harju Elekter's share capital on account of unallocated profit by EUR 639,374 and on account of issue premium by EUR 383,470 so that the new amount of the share capital shall be EUR 11,760,000. Conversion of share capital and shares from kroons to euros does not affect the rights attached to shares and the ratio of the nominal values of shares to share capital. The rounding of the conversion result of nominal values of shares does not have any legal meaning.

Since 8.4.2011 the annual report of 2010, 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 22.04.2011. Registration of the participants starts on 29 April 2011 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.