Harju Elekter decreased its shareholding in PKC Group Oyj to 8.9%, by selling 200 000 shares held by it. The transaction was concluded on 15 May 2007. The received funds will be used for investments in the main activities, including for the expansion of the production premises in Keila and the acquisition of new production technology. Harju Elekter is a leading electrical equipment manufacturer in Baltic Sea region. Harju Elekter participates in subsidiaries and associated companies as follows: AS Harju Elekter Elektrotehnika (100%), Satmatic Oy (100%), Rifas UAB (51%), AS Eltek (100%), AS Draka Keila Cables (34%) and AS Saajos Inexa (33.3%). Harju Elekter has also investments in Latvian sales company SIA Energokomplekss and in Finnish stock company PKC Group Oyj. Andres Allikmäe Chairman of the Management Board Tel +372 6747 400