85,43% of enterprise share capital was represented at AS Kalev ordinary general meeting of shareholders held at 23rd of December in 2008. Therefore meeting had a quorum. Ordinary general meeting of shareholders took the following decisions: 1 Approval of the Annual Report 2007/2008 Decision: To approve the Annual Report 2007/2008 of AS Kalev 2 Distribution of profits Decision: Distribute the 2007/2008 financial year net profit sum 97 939 000 EEK accordingly: - enter 4 897 000 EEK in legal reserve - enter 93 042 000 EEK to profits brought forward by last periods. 3 Changing of the beginning and end of the financial year of AS Kalev Decision: To establish January 1st as the beginning and December 31st as the end of the financial year of AS Kalev. 4 Approval of the new phrasing of the Articles of Association Decision: To rephrase Clause 2.2 of the Articles of Association as follows:”The financial year of the public limited company shall begin on January 1st and end on December 31st” and approve the new phrasing of the Articles of Association of AS Kalev. 5 Appointment of the auditor Decision: To appoint audit firm Ernst & Young Baltic AS, registry code 10877299 as the auditor of AS Kalev for the financial year 2008/2009. The auditor will be remunerated under a contract. Allan Viirma Head of legal service AS Kalev tel 688 6616