Resolutions of ordinary general meeting The regular meeting of shareholders of AS Norma was held on 19.06.2008 at 09:00 at the address Rävala 8 with the following agenda: 1. Approval of the annual report of AS Norma for 2007 2. Distribution of profits 3. Acquisition of Own Shares 4. Recalling and electing the Council members 5. Appointing an auditor and determining the procedure for remuneration The following resolutions were made at the General meeting of the shareholders of AS Norma: 1. Approval of the annual report of AS Norma for 2007 The General meeting of the shareholders of AS Norma decided to approve the annual report of AS Norma for 2007. 2. Distribution of profits The General meeting of the shareholders of AS Norma decided to approve the profit distribution proposal of AS Norma as follows: To pay the shareholders (regular) dividends in the amount of 50 % of the nominal value of the share, i.e. EEK 5 per share (0.32 EUR/share), in the total amount of EEK 66,000,000 (EUR 4,218,169), and keep the remaining net profits as retained earnings. The general meeting of the shareholders decided to fix the list of the shareholders entitled to dividends on 8 July 2008 at 23:59. The dividends are paid at the latest on 8 August 2008. 3. Recalling the Council members The General meeting of the shareholders of AS Norma decided to recall the Council of AS Norma in its entirety: Magnus Lindquist, Pär Malmhagen, Toomas Tamsar, Raivo Erik, Aare Tark and Leif Berntsson. 4. Electing the Council members The General meeting of the shareholders of AS Norma decided to elect the Council of AS Norma for a term commencing on 19 June 2008: Halvar Jonzon, Pär Malmhagen, Toomas Tamsar, Raivo Erik, Aare Tark and Leif Berntsson. 5. Appointing an auditor and determining the procedure for remuneration The General meeting of the shareholders of AS Norma decided to elect Ernst & Young Baltic AS as the auditor of AS Norma for the term of 1 (one) year. The Council shall resolve on the compensation of and shall conclude an agreement with the auditor. Summary of presentation of Peep Siimon, Chairman of Management Board: Developments and major investments planned for the future Business development Norma management is working on a strategy that focuses on three main business areas: Maintain the position as automotive tier-1 supplier to Russian OEM:s Invest in a development and manufacturing center for niche-type safety restraint systems Invest in becoming a preferred supplier of engineered automotive safety components Component business development Norma's management is working on a strategy to develop the company into a preferred pan-European, multi-national, supplier of engineered automotive safety components to both tier-1 and OEM customers This complementary strategy builds on Norma's competitive edge in the industry - The vertical integration and knowledge of materials, manufacturing processes and components Investments and growth in this vast, specialized market will reduce Norma's dependency on its strong - but risky - position with 75% of the business with only two customers Peep Siimon Chairman of the Management Board + 372 6500 442