Changes in Tere AS and OÜ Põlva Piim Tootmine management board.

AS Kalev Paide Tootmine subsidiary OÜ Põlva Piim supervisory board removed
Aivar Häelm from the company's management board. 

AS Kalev Paide Tootmine removed Taavi Toots as a majority shareholder of AS
Tere from AS Tere supervisory board and elected Aivar Häelm and Marko Kaha as
new members of the supervisory board. 

Until now Aivar Häelm the member of supervisory board, belonged to management
board of OÜ Põlva Piim Tootmine. Member of the supervisory board, Marko Kaha is
a member of supervisory board of AS Kalev and its subsidiary AS Kalev Real
Estate Company. 

Taavi Toots was elected a second member of AS Tere management board.

As of July 2007 the member of AS Tere management board, Taavi Toots works as a
director of finance in the same company. As of June 2007 Taavi Toots is a
member of AS Solidum and AS Meieri Transport supervisory board. 

The new members of AS Tere directing party do not own shares of AS Kalev.

Allan Viirma
Head of legal services