Dear Shareholder of AS Starman On 22 January 2009, Baltic Moontech Investments Holding AS, registry code: 11428391, address: Suur-Karja 3/Sauna 2, 10140 Tallinn (“Moontech”), which currently owns 12,863,922 shares representing 98.5472% of the share capital of AS Starman, registry code: 10069659, address: Akadeemia tee 28, 12618 Tallinn (“Starman”), submitted an application to the management board of Starman for takeover of the remaining 189,648 shares of Starman, constituting 1.4528% of the share capital of Starman (“Minority Shares”) against fair monetary compensation in accordance with Chapter 291 of the Commercial Code. In view of the above and based on the Commercial Code §§ 294, 3631(3) and 3633, the management board of Starman hereby calls an extraordinary general meeting of shareholders of Starman, which will resolve on the takeover of the Minority Shares by Moontech against fair monetary compensation. The extraordinary general meeting will be held at 10:00 a.m. on 25 February 2009 in the meeting room on the 2. floor of Starman's premises at Akadeemia tee 28, Tallinn. The shareholders registered in the share register of Starman on 15 February 2009 at 23:59 have the right to vote at the extraordinary general meeting of shareholders. Registration for the extraordinary general meeting commences on 25 February 2009 at 9:30 a.m. at the venue of the general meeting. For registration for the general meeting: (i) Individual shareholders are required to produce a passport or identity card as an identification document, representatives are also required to produce a duly executed power of attorney; (ii) Representatives of shareholders being legal entities are required to submit an extract from the respective (commercial) register, where the legal person is registered (for an Estonian legal person, a copy of the Commercial Register's card B, which is not older than 15 days), setting out the right of the person to represent the shareholder (legal authorisation), and the representative's identity document; if the individual is not a legal representative, a duly executed power of attorney and the representative's identity document must be produced in addition to the register extract; (iii) Documents of a legal person registered in a foreign country (except the power of attorney) must be legalised by the Ministry of Foreign Affairs of the Republic of Estonia or by a foreign representation of the Republic of Estonia, or confirmed with an apostille. Moontech has determined the amount of the fair monetary compensation payable to minority shareholders of Starman for the takeover of the Minority Shares to be EUR 5.75 (EEK 89.96795) per share. The agenda of the extraordinary general meeting approved by the supervisory board of AS Starman on 22 January 2009 will be the following: Resolving take-over of shares of AS Starman as owned by minority shareholders by the majority shareholder Baltic Moontech Investments Holding AS for monetary compensation The supervisory board of Starman has made a proposal regarding the agenda as follows: “to approve the takeover of the 189,648 shares of Starman, constituting 1.4528% of the share capital of Starman, against fair monetary compensation in accordance with Chapter 291 of the Commercial Code from the minority shareholders by Baltic Moontech Investments Holding AS, against monetary compensation in the amount of EUR 5.75 (EEK 89.96795) per share”. As from 23 January 2009, the shareholders of Starman will be entitled to examine the following documents at Starman's premises at Akadeemia tee 28, Tallinn, on business days from 9:00 a.m. to 5:00 p.m.: (i) the draft resolution of the extraordinary general meeting; (ii) the annual reports and management reports of Starman for the financial years 2005, 2006 and 2007; (iii) the takeover report; and (iv) the auditor's report. Shareholders are entitled to receive a copy of such documents from Starman upon request. The same documents have been made available on the website of Tallinn Stock Exchange together with the present announcement. Questions regarding the general meeting of shareholders may be presented to Mr. Henri Treude (tel: +372 6779 977, e-mail: henri.treude@starman.ee).