In conformity with the merger contract of 21.02.2007, AS Norma (“Norma”) acquires AS Tööriistavabrik (“TRV”), the sole shareholder of which is Norma. The economic activity of TRV is the design and manufacturing of jigs for batch production (plastic and aluminium dies; trimming, bending, drawing and precision dies) for the following branches of industry: automotive industry, IT industry, electrical equipment and appliances industry, food industry. The statutory areas of activity of TRV are: production activities, provision of engineering services, marketing and advertising activities, servicing, trade, mediation and provision of transport services within the Republic of Estonia. Information about the activities of TRV is available on TRV's website www.tooriistavabrik.ee. The Director of TRV is Grigori Geršman and the members of its Supervisory Board are Jüri Beilmann, Riho Vahtra, Ülle Jõgi and Peeter Tõniste. The merger of TRV and Norma is in conformity with the strategy of Norma. The planned merger is expected to result in improved production efficiency and reduction of administrative costs in Norma group. According to the merger contract concluded on 21.02.2007 Norma acquires its subsidiary TRV. As a result of the merger, TRV is dissolved without liquidation proceedings and Norma becomes the legal successor of TRV. Norma continues its operation under its current business name, i.e. AS Norma. The share capital of Norma does not change as a result of the merger; TRV shares are not exchanged and become void. According to the audit report on the merger contract given on 22 May 2007, the merger does not harm the interests of creditors [of TRV]. The rights and obligations arising from the merger contract as well as the merger contract itself have been approved by the merging parties. In conformity with subsection 421 (4) of the Commercial Code (“CC”), approval of the merger contract by a merger resolution of Norma is not required for merger, because 100% of TRV shares are held by Norma. The merger resolution is necessary if this is demanded by the shareholders of Norma, whose shares represent at least 1/20 of Norma's share capital. The merger contract, the audit report on the merger contract and the financial statements and management reports of Norma and TRV for the past three financial years are available for the shareholders of Norma for examining at the seat of Norma at Laki 14, Tallinn, from the date of publication of this stock exchange announcement. These documents are also available on the Tallinn Stock Exchange website http://www.ee.omxgroup.com. In conformity with subsection 393 (2) of CC, no merger report has been prepared. If the shareholders have not filed an application for calling a general meeting within one month from making the above documents available for examining, it is considered that the shareholders of Norma have not wished to hold a special general meeting for approval of the merger contract and Norma continues with due acts for entry of the merger in the commercial register, filing a respective application to the registrar of the commercial register not earlier than one month after the approval of the merger contract by Norma, the sole shareholder of TRV. In conformity with subsection 403 (2) of CC, the company being acquired is deemed to be dissolved as of entry of the merger in the commercial register of the seat of the acquiring company. In conformity with subsection 399 (1) of CC, immediately after the merger is entered in the commercial register, Norma publishes a merger notice to the creditors of Norma and TRV in the publication Ametlikud Teadaanded, informing them of the possibility to submit, within six months after the publication of the notice, their claims to Norma in order to receive a security. In conformity with the merger contract, the members of the Management and Supervisory Boards are given no favours in connection with the merger. There are no court or arbitration proceedings in connection with TRV that could have a substantial effect on the economic activity of TRV. Also, there have been no substantial changes in the economic activity of TRV after the end of the past financial year. Further information: Peep Siimon Chairman of the Management Board Phone: +372 6 500 444