Börsiteade

Pealkiri

Notice of convocation of Ordinary General Meeting of Shareholders of

Teade

The Management Board of Aktsiaselts Norma (hereinafter the Company), registry
code 10043950, official address Laki 14, Tallinn, Estonia, calls the annual
general meeting of the shareholders on 24.05.2010 at 18:00 at the address Laki
14, Tallinn, Estonia. 

Agenda of the general meeting of shareholders and proposals of the Supervisory
Board: 

1. Approval of the annual report of AS Norma for 2009  

The Supervisory Board proposes to the general meeting of the shareholders to
approve the annual report for 2009. 

2.  Distribution of profits

The net profit for 2009 amounted to 20 753 015 EEK (1 326 359 EUR). The
Management Board makes a proposal to the general meeting of the shareholders
not to pay dividends for the economic year 2009 and keep the net profits as
retained earnings. The Supervisory Board proposes to adopt the resolution on
distribution of profits as proposed by the Management Board, i.e. not to pay
dividends for the economic year 2009 and keep the net profits as retained
earnings. 
  
3. Approval of the takeover by AS Automotive Holding (registry code 11739777
and address Roosikrantsi 2, Tallinn, 10119, Estonia) of the shares of
Aktsiaselts Norma held by the remaining shareholders of Aktsiaselts Norma in
accordance with Article 1821 of the Securities Market Act. 

According to the draft resolution, the compensation payable to minority
shareholders shall be 92.31 EEK per share, provided that the share is not
encumbered with pledge or other rights of third parties. 

The Supervisory Board proposes to approve takeover by AS Automotive Holding
(registry code 11739777 and address Roosikrantsi 2, Tallinn, 10119, Estonia) of
the shares of the Company held by the remaining shareholders of the Company in
accordance with Article 1821 of the Securities Market Act for compensation in
the amount of 92.31 EEK per share, provided that the share is not encumbered
with pledge or other rights of third parties. 

4. Appointing an auditor and determining the procedure for remuneration

The Supervisory Board proposes to elect the company of auditors Ernst&Young
Baltic AS as the auditor of the Company for the term of 1 (one) year. The
amount of the remuneration payable to the auditor shall be determined in
contract that will be signed with the auditor. 


Shareholders whose shares represent at least 1/20 of the share capital may
demand additional matters to be included in the agenda of the general meeting
of the shareholders in case the corresponding request has been submitted at
least 15 days before the general meeting takes place, at the latest on
07.05.2010 by the end of the usual working time at the Company (16:00).
Shareholders whose shares represent at least 1/20 of the share capital may
submit to the Company a draft resolution regarding each item of the agenda not
later than 3 days before the general meeting of the shareholders takes place,
at the latest on 20.05.2010 by the end of the usual working time at the Company
(16:00). The procedure of exercising these rights has been published on the
Company's website www.norma.ee, where the draft resolutions and reasoning
submitted by the shareholders will also be published after their receipt. The
draft resolutions and reasoning can also be examined at the location of the
Company. 

After the agenda, including additional items, has been exhausted, the
shareholders may ask information about the activities of the Company from the
Management Board pursuant to procedure published on the Company's website
www.norma.ee. 

The annual report of the Company for 2009 and the auditor's report can be
examined on the website of NASDAQ OMX Tallinn Stock Exchange
www.nasdaqomxbaltic.com. The shareholders can examine the annual report of the
Company for 2009, sworn auditor's report, proposal for distribution of profits,
the annual reports of the Company for the three preceding economic years,
takeover report, auditor's report, draft resolutions submitted, shareholders'
reasoning regarding items of the agenda, other documents to be submitted to the
general meeting of the shareholders according to law and other documents
related to the agenda as of publication of this notice until 24.05.2010 (incl.)
at the Company's location Laki 14, Tallinn at the information desk on Floor I,
Building, on working days during 08:00-16:00. For examination of documents the
shareholder must present an identity document, and shareholder's representative
must present an identity document and a document certifying representation
rights. The shareholder or his representative shall be given a copy of the
general meeting's draft resolution whereby the takeover of shares held by
minority shareholders will be decided, of the annual reports of the Company for
the three preceding economic years, of the takeover report and/or of auditor's
report immediately upon their request. 

Important information related to the agenda as well as draft resolutions and
all other data and documents to be made public according to law are also
published on the Company's website www.norma.ee. 

The shareholders who are entered in the share register of the Company as of
24.05.2010 at 08:00 as a shareholder or a representative of shareholders in
case of a jointly held share are entitled to attend the general meeting of the
shareholders. Any shareholder may attend the general meeting of the
shareholders either personally or by proxy, whereas the proxy must have a
written authorisation for this purpose. We kindly ask you to submit the
following for the registration: 

Shareholders who are natural persons - identity document;

Representative of a shareholder who is a natural person - written authorisation
document and identity document; 

Representatives of legal persons - certified copy of a valid commercial
register card (authorisation based on the law) and identity document of the
representative, and in case the representative is not a statutory
representative, a written authorisation document (transaction based
authorisation). Any documents of legal persons registered abroad, except for
the authorisation documents of the representatives, must be legalised by the
Republic of Estonia Ministry of Foreign Affairs or a foreign mission of the
Republic of Estonia, or certified by a certificate replacing the legalisation -
apostille. A passport or any other identity document is acceptable as an
identity document, provided it contains the photo of the person, his/her name
and personal identification code and the name of the state authority having
issued it. 

The same documents shall be presented in order to examine the documents
available at the Company's location. 

The shareholder may notify the Company about appointment of a representative or
withdrawal of authorisation given to the representative before the general
meeting of the shareholders takes place by submitting a corresponding notice
that has been signed digitally to e-mail address [email protected] or by
delivering the notice in person to the location of the Company at Laki 14,
Tallinn, at the information desk on Floor I, Building B, on working days during
08:00-16:00. The notice must be submitted at the latest on 24.05.2010 at 16:00. 

The registration of those attending the general meeting of the shareholders
begins at the place of the general meeting of the shareholders on 24.05.2010 at
17:30. 

If you have any questions related to the general meeting of the shareholders,
we kindly ask you to call +372 6 500 444. The questions and answers will be
published on the Company's website. 



Peep Siimon
Chairman of the Management Board