Based on the clause 3.5.4.7 of the chapter Supervision of Tallinn Stock Exchange Rules, the Managing Director of TSE decided to add a watch notation to AS Kalev shares starting from tomorrow, May 14, 2008. According to the clause 3.5 of the chapter Supervision of TSE Rules, TSE has right to add a watch notation to a share and to the trading information displayed on the Web site to draw the market participants' attention to significant circumstances related to a security or an issuer. According to the clause 3.5.4.7 of the chapter Supervision of TSE Rules, one of the grounds of adding the watch notation is the fact that a situation exists that may materially damage the interests of investors in the opinion of TSE. AS Kalev and Alta Capital Partners S.C.A, a 100 % subsidiary of AS Alta Foods, have signed a sell agreement of AS Kalev subsidiaries AS Kalev Chocolate Factory, AS Kalev Jõhvi Tootmine, AS Kalev Paide Tootmine, AS Valmetek Invest, AS Vilma and OÜ Maiasmokk with the completion term of May 30, 2008. In the opinion of TSE, may the restructuring of the company's main field of activity and selling its non-current assets have effect on the company's assets, liabilities and future prospects and therefore harm the investors' interests. Tallinn Stock Exchange Market Services +372 6408800