NRM:FINANCIAL RESULTS Q2 and H1 Y2007

Sales and Revenues

During  the period Q2 Y2007 consolidated net sales of AS Norma totalled  311.6
MEEK (19.9 MEUR).This constitutes a 15.3% (41.3 MEEK, 2.6 MEUR) increase to Q2
Y2006. Sales to Russian customers rose by 69% (63% from this growth came  from
sales  of  airbags and electronic units to AVTOVAZ), sales to other  customers
decreased  by  3.5% in Q2 Y2006. Sales to parent company Autoliv  amounted  to
174.9 MEEK (11.2 MEUR), a decrease 2.8% compared to the same period in 2006.

In  Q2 2007 AS Norma exported 99.1% of its products (Q2 2006: 98.0%) - 53%  to
Sweden,  38%  to  Russian and 5% German customers (Q2 2006: respectively  64%,
26%, 4%).

For  whole  first half of 2007 consolidated sales of AS Norma  totalled  594.7
MEEK  (38.0 MEUR), an increase 12% (62.1 MEEK; 4.0 MEUR) compared to H1 Y2006.
Sales  to  Russian  customers increased by 55% and sales  to  other  customers
declined  by  2.5%  in  first half of 2007. Sales to  parent  company  Autoliv
reached  356.2  MEEK  (22.8 MEUR), which was 0.4% less compared  to  the  same
period in 2006.

The  main  field of activity of Group were production and sale of  car  safety
seatbelts and their components. The Group also manufactured car components, as
well  as  dies  and  molds  for stamping machines,  and  rendered  engineering
services  related  to  the design and adaptation of  car  safety  systems  and
seatbelts.

The number of employees at the end of the period was 986, which is 99
employees more than a year ago and 39 more compared to the beginning of Y2007.
The Group employed a monthly average of 981 people.

Assets and liabilities

Accounts  receivable at the end H1 Y2007 totalled 153.6 MEEK  (9.8  MEUR),  of
which  42%  related to the Russian and Ukrainian customers.  Receivables  from
Autoliv were 77.8 MEEK (5.0 MEUR). AS Norma's payables to Autoliv amounted  to
34.0 MEEK (2.2 MEUR).

The share of accounts in arrears of total receivables was 1.9%. The provision
for bad debts remained during the period at same level; it totalled 0.3 MEEK
(0.02 MEUR).

At the end of the Q1 Y2007, the consolidated total assets totalled 1075.8 MEEK
(68.8  MEUR), a growth 78.2 MEEK (5.0 MEUR), including of 82.8 MEEK (5.3 MEUR)
increase  in current assets. The growth was, above all, due to the changes  in
deposits and receivables.

Total  liabilities amounted to 235.0 MEEK (15.0 MEUR) at the end of Q2  Y2007.
The  Group  has  no  long-term  liabilities,  all  investments  and  operating
activities are financed from equity.

The  owners' equity of the Group decreased by 26.7 MEEK (1.7 MEUR) during  the
period,  amounting  to  840.8 MEEK (53.7 MEUR), which made  up  78%  of  total
assets.  Owners' equity was reduced due to the shareholders' decision  to  pay
out 66 MEEK (4.2MEUR) as dividends.

Investments

During 6 month of 2007, AS Norma invested a total of 27.1 MEEK (1.7 MEUR),  to
support existing production capacities and assure the future profits.

Net Profit and Earnings per Share

The  Group's consolidated unaudited net profit was 12.7 MEEK (0.8 MEUR) in  Q2
Y2007,  which was 8.6 MEEK (0.55 MEUR) more than a year before (Q2  2007:  4.1
MEEK;  0.3  MEUR).  Compared to the Q1 Y2007, net  profit  in  second  quarter
decreased  by  13.9 MEEK (0.9 MEUR) due to the expense of  tax  on  dividends
(18.6 MEEK; 1.2 MEUR).

For  H1 Y2007 net profit amounted to 39.3 MEEK (2.5 MEUR), which is 11.4  MEEK
(0.7 MEUR) higher than at the same period a year ago.

Both,  diluted  and basic earnings per share were 2.97 EEK (0.19  EUR)  in  H1
Y2007, a year earlier EPS was 2.11 EEK (0.13 EUR).

The Q2 Y2007 results of AS Norma will be released at Oct 24, 2007.

Peep Siimon
Chairman of the Management Board
6 500 442