Yesterday, AS Harju Elekter, Inexa A/S and Oy Saajos International Ltd. signed a contract according to which Harju Elekter and Inexa shall sell their 33.3% holding in AS Saajos Inexa to third party Saajos International. The sale of the holding is a strategic decision that allows AS Harju Elekter to concentrate more on the administration of those companies that are connected to its core business and on the expansion of its electrotechnical business. AS Harju Elekter will continue close co-operation with AS Saajos Inexa in the procurement of fireproof doors, and will also continue to meet the obligations of lease agreements for manufacturing spaces. According to the agreement, the parties will not disclose the value of the transaction. AS Harju Elekter will invest the funds received into its core business. Harju Elekter is the leading producer of electrical devices and materials in the Baltic States. Belonging to the Harju Elekter Group are manufacturers of electrical devices in Estonia, Finland, and Lithuania: AS Harju Elekter Elektrotehnika (100%), Satmatic Oy (100%) and Rifas UAB (51%), as well as AS Eltek (100%) a manufacturer of telecommunication products, and the affiliated company AS Draka Keila Cables. Harju Elekter also has portfolio investments in the Latvian electrical equipment sales company SIA Energokomplekss and in the Finnish publicly traded company PKC Group Oyj. Andres Allikmäe Chairman of Management Board 67 47 400