Annual general meeting of Harju Elekter shareholders will be held on 26 April 2007, beginning at 10:00 a.m., at venue of Keila Kultuurikeskus (address: Keskväljak 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 2006. To approve the annual report of AS Harju Elekter of 2006, prepared by the management board and approved by the supervisory board, according to which the consolidated balance sheet total of AS Harju Elekter was 757,732 thousand kroons as of 31.12.2006, while the turnover of the financial year was 622,087 thousand kroons and net profit 47,289 thousand kroons. 2. Approval to profit distribution. To approve the profit distribution proposal of AS Harju Elekter of 2006 as presented by the management board and as approved by the supervisory board as follows: retained profit from previous periods on 31.12.2006 52,789 thousand kroons net profit of the financial year 47,289 thousand kroons total retained profit on 31.12.2006 100,078 thousand kroons Management board's proposal for the distribution of profit as follows: dividends 1,80 kroons per share* 30,240 thousand kroons legal reserve 2,400 thousand kroons Balance carried torward after profit distribution 67,438 thousand kroons The dividends will be paid to the shareholders on 21 May 2007 by a transfer to the bank account of the shareholder. * the shareholders registered in the shareholders' registry on 11 May 2007 at 8 am shall be entitled to dividend. 3. Approval of the composition and remuneration of the supervisory board To appoint a supervisory board of the following five members: Endel Palla (Chairman of the Board), Ain Kabal, Lembit Kirsme, Madis Talgre, Andres Toome and to approve their remuneration. 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. The annual report of the year 2006, 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 8.00 hours on 16.04.2007. Registration of the participants starts on 26 April 2007 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. Andres Allikmäe Chairman of the Management Board +372 6747 400