AS Norma has filed a request to the Labor Inspectorate for applying the         
collective termination of employment contracts with 111 AS Norma employees. The 
employment termination is a result of deepening global crisis in the automotive 
industry. The sales of Russian, Ukraine and Western-European car manufacturers  
keep declining. Consequently, the demand for our production has descended. This 
has led to a considerable decrease in AS Norma production volumes. According to 
the January specified forecasts the production will not recover during  
the first half of 2009.                                             

Peep Siimon                                                                     
Chairman of the management board                                                
+ 372 6500 442