Börsiteade

Pealkiri

Correction: Notice to convene the Annual General Meeting of Shareholders of Aktsiaselts Tallinna Vesi

Teade

Date  correction in the following sentence: The list of shareholders entitled to
vote  at the  General Meeting  will be  established 7 days  prior to the General
Meeting,  i.e., as of 16 April 2026 at the closure of business day of the Nasdaq
CSD Estonia's settlement system.

The  Management  Board  of  AS  TALLINNA  VESI  (registry  code  10257326, Ädala
10, 10614 Tallinn)  (hereafter also referred to as 'the Company') announces that
the  Annual  General  Meeting  of  Shareholders  of  the Company will be held on
Thursday, 23 April 2026 at 10:00 (UTC+3), in the Blue Auditorium at the Ülemiste
Water Treatment Plant (address: Järvevana tee 3, Tallinn, Estonia). Registration
for  shareholders  wishing  to  attend  the  Annual  General  Meeting  in person
will open at 09:30 (UTC+3) on 23 April 2026 at the venue of the General Meeting.
Registration  will end  at 10:00 (UTC+3).  We kindly  ask shareholders and their
representatives  to arrive in good  time, bearing in mind  the time required for
registration.  The organisers of the meeting reserve  the right to not take late
requests to register and attend the meeting into account.

The  list  of  shareholders  entitled  to  vote  at  the General Meeting will be
established  7 days prior to  the General Meeting,  i.e., as of 16 April 2026 at
the closure of business day of the Nasdaq CSD Estonia's settlement system.

The Supervisory Council has approved the agenda of the Annual General Meeting of
Shareholders with the following proposals:

1. Approval of the Annual Report for 2025

Proposal of the Supervisory Council:

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

2. Distribution of profit

Proposal of the Supervisory Council:

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.

3. Election and recall of Supervisory Council members

Proposal of the Supervisory Council:

3.1. Recall of Mart Mägi as a Supervisory Council Member

To  recall Mart  Mägi from  his position  as a  Supervisory Council  member with
effect from 23/04/2026.

3.2 Election of Priit Lello as a Supervisory Council member

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

3.3 Extension of Gerli Kivisoo's term as a Supervisory Council member

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.

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

Proposal of the Supervisory Council:

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.

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Accepting additional items to the General Meeting agenda

Shareholders  with their shares representing at  least 1/20 of the share capital
may  make proposals regarding agenda items and request adding extra items to the
General  Meeting agenda, provided that  this request is submitted electronically
(e-mail: [email protected]  (mailto:[email protected])) and digitally signed, no later
than  15 days prior to the General Meeting, i.e., by 8 April 2026 at the latest.
Shareholders  with their shares representing at  least 1/20 of the share capital
may  submit their draft resolutions for each agenda item electronically (e-mail:
[email protected]  (mailto:[email protected])) and with a  digital signature, no later
than 3 days prior to the General Meeting, i.e., before the end of the day (23:59
UTC+3) on 20 April 2026 at the latest. The process of exercising those rights is
published  in  more  detail  on  the  Company's  website  at www.tallinnavesi.ee
(http://www.tallinnavesi.ee/),   under   the   'Investor->Shareholders  Meeting-
>23/04/2026'   section.   The  draft  resolutions  and  reasoning  submitted  by
shareholders will also be published there after receipt.

Requesting information from the Management Board and background information

After  the  General  Meeting  agenda  items  have  been discussed, including any
additional  items,  shareholders  may  request  information  about the Company's
activities  from the Management Board.  This can be done  in accordance with the
procedure    published   on   the   Company's   website   at www.tallinnavesi.ee
(http://www.tallinnavesi.ee/),   under   the   'Investor->Shareholders  Meeting-
>23/04/2026'  section.  Shareholders  may  also  request  information  from  the
Company's Management Board by e-mail, sending their questions before the General
Meeting  by 17:00 (UTC+3) on 22 April 2026 at the latest. Background information
regarding  the agenda  (incl. the  notice to  convene the  General Meeting), the
Annual  Report  of  the  Company  for  2025, the Supervisory Council report, the
Auditor's  report, the proposal for distribution of profit, reasonings regarding
agenda  items alongside respective draft  resolutions, and any other information
and documents subject to disclosure under legal acts, as well as other important
information  regarding  the  agenda,  is  available  on  the  Company's  website
at www.tallinnavesi.ee   (http://www.tallinnavesi.ee/),   under  the  'Investor-
>Shareholders   Meeting->23/04/2026'  section.  The  website  also  provides  an
overview  of the documents that shareholders must  bring with them to attend the
General  Meeting (either in person or by proxy), as well as information provided
in  § 294(1) of the Commercial Code. The  Annual Report of the Company for 2025
and  the  Auditor's  report  are  also  available  on  Nasdaq  Baltic's  website
at http://www.nasdaqbaltic.com (http://www.nasdaqbaltic.com/).

If  you have any questions regarding the Annual General Meeting of Shareholders,
its   agenda,   electronic   voting   or   the   appointment  of  a  shareholder
representative, please  contact  Melika  Kiilmaa,  Head  of Legal of the Company
([email protected],   telephone:  +372 6262 200). Questions,  answers  and
minutes  from the  General Meeting  will be  published on  the Company's website
www.tallinnavesi.ee    (http://www.tallinnavesi.ee),    under   the   'Investor-
>Shareholders  Meeting->23/04/2026'  section.  Notices  of  the  appointment  or
withdrawal of a shareholder representative must be digitally signed or notarised
and sent to the above e-mail address no later than 17:00 (UTC+3) on the business
day preceding the General Meeting, i.e., 22 April 2026.

Appointing a proxy

If  you are  going to  appoint a  proxy, please  inform us  of your intention by
17:00 (UTC+3)  on 22 April 2026 at  the latest, and  e-mail the digitally signed
proxies to [email protected] (mailto:[email protected]). If you are unable to obtain a
digital signature, please e-mail a copy of the notarised proxy to [email protected]
(mailto:[email protected]) and  send the original proxy by  post to the Company at:
Ädala  10, 10614 Tallinn,  Estonia,  by  17:00 (UTC+3)  on  22 April 2026 at the
latest. The proxy form is available on the Company's website www.tallinnavesi.ee
(http://www.tallinnavesi.ee),   under   the   'Investor->Shareholders   Meeting-
>23.04.2026->Proxy form' section.

Electronic voting

The  possibility to vote in advance using electronic means will be open from the
time  the notice to convene the General Meeting is published until 17:00 (UTC+3)
of  the day preceding  the General Meeting  (22 April 2026), by using the ballot
paper     published     on    the    Company's    website    www.tallinnavesi.ee
(http://www.tallinnavesi.ee),   under   the   'Investor->Shareholders   Meeting-
>23/04/2026' section, and by sending the properly completed and digitally signed
ballot  paper by e-mail  to [email protected] (mailto:[email protected]). Shareholders
who  vote using  electronic means  will be  deemed to  have attended the General
Meeting,  and their votes represented by shares will be counted in the quorum of
the  General  Meeting.  The  detailed  procedure  and instructions for voting in
advance   using   electronic  means  are  published  on  the  Company's  website
www.tallinnavesi.ee    (http://www.tallinnavesi.ee),    under   the   'Investor-
>Shareholders  Meeting->23/04/2026' section.  It is  not possible  to attend the
General  Meeting using electronic means without  being physically present at the
General Meeting.

Documents  proving identity and  right of representation  required to attend the
General Meeting

Shareholders  are  kindly  requested  to  bring a valid identification document.
Shareholder representatives are kindly requested to bring a valid identification
document and a valid, digitally signed or notarised proxy (see the 'Appointing a
proxy'  section above). If you are a  foreign legal person, please also bring an
extract  from the valid registry card showing your right of representation. Each
document  issued by an official in a foreign country must either be legalised or
authenticated  with  a  document  certificate  (apostille)  and have an attached
certified translation into Estonian by a sworn translator.

The  notice  to  convene  the  General  Meeting  will  be published in the daily
newspaper Postimees on 31 March 2026.

The  minutes of  the General  Meeting will  be made  available on  the Company's
website  www.tallinnavesi.ee (http://www.tallinnavesi.ee),  under the 'Investor-
>Shareholders  Meeting->23/04/2026' section, no later  than seven days after the
meeting.

Aleksandr Timofejev
Chairman of the Management Board
Aktsiaselts Tallinna Vesi
(+372) 6262 200
[email protected] (mailto:[email protected])