The Board of AS Starman hereby informs that the annual shareholders meeting of AS Starman will be held on May, 18th 2007 at 10:00 AM in room “Victoria” at Tallink Spa & Conference Hotel at Sadama 11a, Tallinn. The Council of Starman has approved the following agenda and proposals prepared by the Management Board of the company. 1)Approval of the 2006 Consolidated Annual Report of AS Starman. Shareholders are proposed to approve the 2006 Consolidated Annual Report of AS Starman as prepared by the Management Board. 2)Distribution of profit. Shareholders are proposed to distribute the net profit according to the following: Retained earnings from previous years 21 726 thousand EEK Net profit for 2006 43 958 thousand EEK Cumulative retained earnings as of 31.12.2006 65 684 thousand EEK Transfer to mandatory reserve 2 198 thousand EEK Net dividends to be paid* 9 137 thousand EEK Retained earnings after dividend payment 54 349 thousand EEK * Net dividends payable form appr. 20% of the 2006 net profit and are equal to 0.79 EEK (appr. 0.045 EUR) per share. The list of shareholders entitled to receive dividends will be fixed at 23:59 PM on 01.06.2007. Dividends will be paid out on 08.06.2007. 3)Appointment of the auditor. Shareholders are proposed to appoint Ernst & Young Baltic AS as the auditor of Starman AS for the year 2007 and to compensate them according to the agreement made between the auditors and the Management Board of Starman. 4)Amendment of the Articles of Association. Shareholders are proposed to amend clause 2.4 in the Articles of Association and adopt the following wording: The Supervisory Board of the Company is up until 18.05.2010 entitled to increase the share capital of the Company by 6 900 000 (six million nine hundred thousand) Estonian kroons to 137 435 700 (one hundred thirty seven million four hundred thirty five thousand seven hundred) Estonian kroons. According to the Estonian legislation, the right stipulated in clause 2.4 can be given to the Supervisory Board for the maximum period of three years. The present wording of the clause was accepted on 17.05.2005 for this maximum period of 3 years. As the clause is direcltly linked to the options agreements made between the company and its Management Board for the period until 30.06.2010 then it is useful to prolong the right for the next maximum period of three years. The time of closing the list of shareholders entitled to vote on the General Meeting will be May, 8th 2007 at 23:59. Registration to take part of the meeting will start on the meeting day at 9:30 AM. Shareholders taking part of the annual meeting are to present an identity document, a written power of attorney in case of representation or other document providing evidence of the right to represent a shareholder. Beginning from April, 16th 2007, the 2005 Annual Report of AS Starman will be available on the following locations: website of Starman - http://www.starman.ee; website of the Tallinn Stock Exchange http://www.baltic.omxgroup.com/market/?pg=details&instrument=EE3100008830&list=2 &tab=reports; The Annual Report will also be available at the premises of AS Starman at Akadeemia tee 28, Tallinn from 9:00 - 17:00 every working day. All queries about the Annual Shareholders meeting should be done via e-mail to henri.treude@starman.ee or by phone +372 677 9977.