DELISTING OF TALLINNA FARMAATSIATEHASE SHARES


Tallinn Stock Exchange           NEWS RELEASE                    19.02.2007

DELISTING OF TALLINNA FARMAATSIATEHASE SHARES

On February 16, 2007, the Committee decided to satisfy the application of AS
Tallinna Farmaatsiatehase from January 24, 2007, and to delist the shares from
the TSE I-List as from February 20, 2007. 

On November 01, 2006, the extraordinary general meeting of Tallinna
Farmaatsiatehase AS shareholders decided to approve the takeover of the 4,9938%
of the shares of Tallinna Farmaatsiatehase AS from the minority shareholders by
AS Grindeks against fair monetary compensation in the amount of EEK 80 (EUR
5.11) per share. After  the takeover of shares of Tallinna Farmaatsiatehase AS,
AS Grindeks is the single shareholder since December 7, 2006. 


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