Sales and Revenues During the period Q4 Y2007 consolidated net sales of AS Norma totalled 369 MEEK (23.6 MEUR).This constitutes a 29% (82 MEEK; 5.3 MEUR) increase compared to Q4 Y2006. Sales to Russian customers rose by 67% (79% of this growth came from deliveries of safety systems to AVTOVAZ), sales to Swedish customers increased by 6%. Sales to Group of parent company Autoliv amounted to 174 MEEK (11.1 MEUR), an increase 2% compared to the same period in 2006. In Q4 2007 AS Norma exported 98.8% of its products (Q4 2006: 98.4%) - 49% to Russia, 44% to Sweden and 4% to German customers (Q4 2006: respectively 38%, 53% and 5%). Y2007 consolidated sales of AS Norma totalled 1264 MEEK (80.8 MEUR), an increase 21% (216 MEEK; 13.8 MEUR) compared to Y2006. Sales to Russian customers rose by 60% and to other clients by 2%. Sales to parent company Autoliv reached 661 MEEK (42.3 MEUR), an increase 2% compared to the same period in 2006. The main field of activity of Group are production and sale of car safety systems including seatbelts and their components. The Group also manufactures car components, as well as dies and molds for stamping machines, and renders 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 972, which is 25 employees more than a year ago. The Group employed a monthly average of 974 people in Q4 2007. Assets and liabilities Accounts receivable at the end of Y2007 totalled 162 MEEK (10.4 MEUR), of which 65% related to the Russian and Ukrainian customers. Receivables from Autoliv were 49 MEEK (3.1 MEUR). AS Norma's payables to Autoliv amounted to 36 MEEK (2.3 MEUR).The share of overdue accounts receivables was 2.5%. In management's opinion there were no bad debts to be provisioned. At the end of Y2007, the consolidated total assets amounted to 1057 MEEK (67.6 MEUR), a growth 60 MEEK (3.8 MEUR) during the year, including 80 MEEK (5.1 MEUR) increase in current assets. The growth was, above all, due to the changes in liabilities and financial investments. Total liabilities amounted to 150 MEEK (9.6 MEUR) at the end of Y2007. The Group has no long-term liabilities, all investments and operating activities were financed from equity. The owners' equity of the Group increased by 40 MEEK (2.6 MEUR) during the period, amounting to 907 MEEK (58.0 MEUR), which made up 86% of total assets. Owners' equity was reduced due to the shareholders' decision to pay out 66 MEEK (4.2 MEUR) as dividends. Investments During 12 months Y2007 AS Norma invested a total of 42 MEEK (2.7 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 38 MEEK (2.5 MEUR) in Q4 Y2007, which was 8.3 MEEK (0.5 MEUR) more than in Q4 Y2006. Net profit margin was 10.4% (Y2006 Q4: 10.5%). For Y2007 net profit amounted to 106 MEEK (6.8 MEUR), which was 20 MEEK (1.3 MEUR) more than a year ago. Net profit margin rose by 0.2% compared to the previous year, amounting to 8.4%, although gross margin decreased 0.8%. Gross profit was influenced most by increase of the rate of raw material and material cost from 56.5% to 60.3% of turnover, which was, above all, due to accrual of the new product set - car safety systems - into AS Norma sales range. Both, diluted and basic earnings per share at the end of December were 8.02 EEK (0.51 EUR), a year earlier EPS was 6.49 EEK (0.42 EUR). The Q1 Y2008 results of AS Norma will be released on April 21, 2008. Peep Siimon Chairman of the Management Board 6500 442