Market announcement

Title

Resolutions adopted by the Annual General Meeting of Shareholders of Aktsiaselts Tallinna Vesi on 23 April 2026

Message

The  Management  Board  of  Aktsiaselts  Tallinna Vesi (hereinafter the Company)
convened  the Annual General  Meeting of Shareholders  with the proposal for the
resolutions  set  out  below  to  be  adopted  by shareholders. The notice about
convening  the  Annual  General  Meeting  was  published  in  the stock exchange
information  system  and  on  the  Company´s  website and in the daily newspaper
Postimees on 31 March 2026.

Votes  were submitted by a total of 24 shareholders of the Company, representing
15 133 757 of  the 20 million votes  represented by shares  of the Company, i.e.
75,67% of all votes represented by shares.

On  23 April  2026, the  shareholders  of  the  Company  adopted  the  following
resolutions:

1. Approval of the Annual Report for 2025

RESOLUTION: To approve the consolidated Annual Report of the Company for 2025 as
presented to the General Meeting.

The  resolution was adopted with 15 130 020 votes  in favour (i.e. 99,98% of the
votes represented at the meeting).

2. Distribution of profit

RESOLUTION:  The  net  profit  of  the  Company for 2025 is EUR14,242 thousand. To
distribute  EUR11,400  thousand  of  the  Company's  retained  earnings of EUR85,783
thousand  as of  31/12/2025 (incl. from  the consolidated  net profit of EUR14,242
thousand  for  the  year  2025). Shareholders  will  receive  EUR0.57 per share in
dividends.

The remainder of the retained earnings will remain undistributed.

No allocations will be made from the net profit to the reserve capital.

Based  on the  dividend proposal  made by  the Management Board, the Supervisory
Council  proposes to the shareholders that the shareholders receive dividends on
20 May  2026. The list of shareholders entitled to dividends will be established
at  the  end  of  the  business  day  of  the  Nasdaq  CSD  settlement system on
12 May 2026. Consequently,  the date of change in  rights attached to the shares
(ex-dividend  date) is 11 May 2026. Anyone  acquiring shares on  or after 11 May
2026 will not be entitled to the dividends determined by this resolution.

The  resolution was  adopted with  15 133 620 votes in  favour (i.e. 100% of the
votes represented at the meeting).

3. Election and recall of Supervisory Council members ?

3.1 RESOLUTION:  To recall Mart Mägi from  his position as a Supervisory Council
member (with effect from 23/04/2026).

The  resolution was adopted with 15 132 494 votes  in favour (i.e. 99,99% of the
votes represented at the meeting).

3.2 RESOLUTION:  To  elect  Priit  Lello  as  a Supervisory Council member for a
statutory three-year term of office, with effect from 24/04/2026.

The  resolution was adopted with 15 131 903 votes  in favour (i.e. 99,99% of the
votes represented at the meeting).

3.3 RESOLUTION:  To extend Gerli Kivisoo's term  as a Supervisory Council member
for a further statutory three-year term of office, with effect from 02/06/2026.

The  resolution was  adopted with  15 133 400 votes in  favour (i.e. 100% of the
votes represented at the meeting).

4. Approval of a gender balance target within the Company's management bodies

RESOLUTION: To set a gender balance target pursuant to subsection 1 of § 135(6)
of  the Securities Market  Act to ensure  that at least  33% of all seats on the
Management  Board and Supervisory Council of the  Company are held by members of
the underrepresented sex.

The  resolution was adopted with 15 130 070 votes  in favour (i.e. 99,98% of the
votes represented at the meeting).

The Minutes of the Annual General Meeting of shareholders will be made available
on the Company's website.

Melika Kiilmaa

General Counsel

AS Tallinna Vesi

[email protected]