Announcement of an extraordinary general meeting of shareholders

An extraordinary general meeting of shareholders of AS Kalev (registry code
10000952, location Järvevana tee 3A, Tallinn) will take place on 26 February
2009 commencing at 10:30 am in Tallinn, Rävala 8 office building (address
Rävala pst 8, Tallinn, 1st floor). 

The list of voting shareholders shall be established on the basis of the share
register as at 23:59 on 16 February 2009. 

Registration of participants in the extraordinary general meeting of
shareholders shall take place from 10.00-10.20 at the meeting venue. 

Please present the following at registration:
-	Shareholders who are natural persons: passport or ID card as an identity
document, representatives must present a letter of authorization as well; 
-	Shareholders who are legal persons: extract from the corresponding register
in which the person is registered and which certifies the right of the
representative to represent the shareholder (legal representation), and the
representative's photo ID. If the representative is not a legal representative,
a letter of authorization must be presented as well. 

The agenda of the extraordinary general meeting and proposals of the AS Kalev
supervisory board regarding draft resolutions: 

1	Alteration of AS Kalev company name

Proposal: 
Approve new company name for public limited company.

New company name will be disclosed at extraordinary general meeting of
shareholders. 

2	Approval of new  redaction of Articles of Association 

Proposal:
Word clause 1.1 of Articles of Association as follows: „Public limited company
(thereafter Company) company name is public limited company ....“and approve
new redaction of Articles of Association. 
	
Reason for changing Articles of Association is the alteration of company name
of public limited company. 

The extraordinary general meeting is convoked at the initiative of the
management board of AS Kalev, because alteration of company name of public
limited company and alteration of Articles of Association has to be approved by
general meeting of shareholders. 

The draft Articles of Association is available to be read as of 19 February
2009 at address Järvevana tee 3A, Tallinn on working days from 10:00am to
4:00pm and at website http://www.kalev.ee/askalev 

Before the extraordinary general meeting is held, AS Kalev shareholders can
send questions on the topic of the meeting by e-mail to allan.viirma@kalev.ee. 


Allan Viirma
Head of Legal Council
688 6600