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HAE: Changes in qualifying holding

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Harju Elekter             Changes in company's own shares             05.11.2010

Changes in qualifying holding

On 2 November 2010, KJK Fund SICAV-SIF notified AS Harju
Elekter of the change of voting rights attached to a qualifying
shareholding.

DCF Fund (II) SICAV-SIF (with the current business name KJK
Fund SICAV-SIF) holds altogether 1,899,768 shares of AS Harju
Elekter, representing 11.31% of all the shares of the company.

On 28 October 2010 the Investment Manager Agreement between KJK
Fund SICAV-SIF and Danske Capital, Sampo Bank plc was
terminated and KJK Fund SICAV-SIF revoked proxy given to Danske
Capital, Sampo Bank plc to manage the voting rights attached to
the shareholdings of the fund.

Due to that the voting rights in the Company as attached to
1,899,768 shares of Harju Elekter are controlled by KJK Fund
SICAV-SIF.

Andres Allikmäe
Chairman of the Board
Phone: +372 674 7400