Börsiteade

Pealkiri

Notice calling the ordinary general meeting of the shareholders

Teade

The ordinary general meeting of the shareholders of AS Kalev (registry code:
10000952, located at Tornimäe 5, Tallinn) will be held on 23 December 2008 at
10:30 in the Tallinn University of Technology, Sütiste tee building (located at
Sütiste tee 21, Tallinn, ground floor). 

The list of shareholders authorised to participate at the general meeting shall
be established in the share register as of 23:59 on 13 December 2008. 

The participants at the ordinary general meeting will be registered between
10:00 and 10:20 at the location of the meeting. 

We kindly ask to submit the following documents upon registration:
-	natural persons must submit a passport or identity card as an identity
document; representatives shall also submit the authorisation document; 
-	the representative of a shareholder who is a legal person must submit an
extract of the register where the person has been registered and which provides
the right of representation of the shareholder (legal representation) as well
as a photo identification document.  Representatives who are not legal
representatives must also submit the authorisation document. 

The agenda of the general meeting and the proposals of the Supervisory Board of
AS Kalev on the draft resolutions: 

1	Approval of the Annual Report 2007/2008

Proposal: 
To approve the Annual Report 2007/2008 of AS Kalev. 

2	Profit allocation

Proposal: 
To transfer 1/20 of the net profit for the financial year 2007/2008 to the
mandatory reserve, and the remainder to retained earnings. 

3	Changing of the beginning and end of the financial year of AS Kalev	

	Proposal:
To establish January 1 as the beginning and December 31 as the end of the
financial year of AS Kalev. 

4	Approval of the new phrasing of the Articles of Association

	Proposal:
To rephrase Clause 2.2 of the Articles of Association as follows: "The
financial year of the public limited company shall begin on January 1 and end
on December 31" and approve the new phrasing of the Articles of Association of
AS Kalev. 

5	Appointment of the auditor

Proposal:
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. 

The draft Annual Report for 2007/2008 and Articles of Association are available
to the shareholders for review from 5 December 2008 in AS Kalev's location at
Tornimäe 5, Tallinn, on working days from 10:00 to 16:00, as well as on the web
page http://www.kalev.ee/askalev. 

The shareholders of AS Kalev may submit any questions concerning the general
meeting prior to the organisation of the ordinary general meeting to the e-mail
address allan.viirma@kalev.ee. 

Allan Viirma
Head of legal service
688 6616