Market announcement

AS TALLINNA VESI

LEI code

5493000M6TVS2X0KWC97

Size of the entity

Large group

Economic activities

Water Supply; Sewerage, Waste Management and Remediation Activities

Country of registered office

Estonia

General information

Categories

Other price sensitive information

Unique data record identifier

2781

Submission date and time

14.06.2010 09:02:32

Content of announcement in Estonian

Title

TEADE SEOSES UNITED UTILITIES'E AVALDUSEGA OMA PEAMISTE ÜHENDKUNINGRIIGI JA EUROOPA REGULEERIMATA VEE-ETTEVÕTJATE OSALUSTE MÜÜGI KOHTA

Message

United Utilities teatas täna kokkuleppest, mille kohaselt United Utilities müüb
Veolia Water UK PLC le oma peamised osalused Briti veeregulaatori poolt
mittereguleeritud vee-ettevõtjates Ühendkuningriigis ja Euroopas, sealhulgas
oma kaudse 26,5-protsendilise osaluse AS-is Tallinna Vesi. Teiste Veolia Water
UK PLC ga sõlmitud kokkuleppe alusel müüdavate varade hulka kuuluvad muuhulgas
United Utilities'i osalus Sofiyska Voda AD-s Bulgaarias, Aqua Spolka Akcyinas
Poolas ning osalused mitmetes Ühendkuningriigis asuvates vee-ettevõtjates. 

Tehingu koguväärtus on ligikaudu 174,2 miljonit naela, millest 108,6 miljonit
naela moodustab tehingu lõpuleviimisel makstav raha ning 65,6 miljonit naela
ostja poolt üle võetav netovõlgnevus. Täiendavad 10 miljonit naela makstakse
rahas hiljem, teatud tingimuste täitumisel. 

Tehingu lõpuleviimine sõltub mitmete nõusolekute ja ametkondlike lubade
saamisest, kuid tehing loodetakse lõpule viia 2010. aasta teises pooles. 

AS Tallinna Vesi avalikustab täiendavat informatsiooni tehingu ja selle mõjude
kohta Ettevõttele vastavalt kehtivatele reeglitele niipea, kui vastav
informatsioon Ettevõttele kättesaadavaks muutub. 

Priit Koff
avalike suhete juht
AS Tallinna Vesi
6262209
[email protected]

Content of announcement in English

Title

NOTICE OF THE ANNOUNCEMENT BY UNITED UTILITIES ABOUT THE SALE OF UNITED UTILITIES' PRINCIPAL UK AND EUROPEAN NON-REGULATED WATER INTERESTS

Message

United Utilities today announced that it has agreed to sell its principal water
interests in the United Kingdom and Europe that are not regulated by the
British water regulator, including its indirect 26.5% shareholding in AS
Tallinna Vesi, to Veolia Water UK Plc. Other assets transferred pursuant to the
agreement with Veolia Water UK Plc include shareholdings of United Utilities in
Sofiyska Voda AD in Bulgaria, Aqua Spolka Akcyina in Poland and holdings in
various water undertakings in the UK. 

The total transaction value is approximately £174.2 million, comprising £108.6
million in cash on completion and £65.6 million in net debt assumed by the
purchaser.  A further £10 million in cash is payable on a deferred basis,
subject to certain contingencies. 

Completion of the transaction is expected in the second half of 2010 and is
subject to a number of consents and regulatory approvals. 

AS Tallinna Vesi will publish further information about the transaction and its
effect on the Company pursuant to the applicable rules as soon as such
information becomes available to the Company. 

Priit Koff
Head of Public Relations
+372 6262 209
[email protected]