On 30 September 2007, ten years will have passed since the stocks of AS Harju Elekter were first quoted on the Tallinn Stock Exchange. As a result of systematic development, Harju Elekter (henceforward Group) has become one of the leading producers of electrical equipment and materials. The Group has expanded to Lithuania as well as Finland. During these years, the sales volume of the Group has grown by a factor of six and its profit by a factor of five. As a result of market price, the growth of shareholder's investment value has grown by a factor of five, as of today, constituting an average annual rate of return of 17%. A consistent dividend policy has guaranteed shareholders stable, increasing income from dividends, while at the same time growing the company's equity and retaining good credit solvency. The management of Harju Elekter believes active development, venturous investment and effective expansion to be of great importance. The key to our success has been reliable co-operation with our clients, shareholders and our loyal and developing staff. A survey of the figures covering the activity of AS Harju Elekter over the last 10 years can be found at the address: www.harjuelekter.ee Andres Allikmäe Chairman of Management Board 6747 400