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Adoption of resolutions by shareholders of AS Tallinna Vesi without convening a general meeting

Teade

The Management Board of AKTSIASELTS TALLINNA VESI (registry code 10257326,
address Ädala 10, 10614 Tallinn) (hereinafter also the ?Company") introduces to
the shareholders the draft resolutions for adoption without convening a meeting
in accordance with § 299(1) of the Commercial Code.
Shareholders are invited to vote on the draft resolutions provided below by
filling in the ballot on the website of the Company www.tallinnavesi.ee
(http://www.tallinnavesi.ee) and send the votes along with the documents
certifying the right of representation, listed below, to the Management Board of
the Company no later than 9.00 (here and hereafter Estonian time) on Thursday,
1 April 2021. For sending the ballot and the documents certifying the right of
representation listed below, we ask to choose a method, which ensures the
arrival thereof by the above deadline. If a shareholder fails to notify by the
above deadline whether he/she votes against or in favour of the resolution, the
shareholder shall be deemed to have voted against the resolution.

The list of shareholders entitled to vote on the adoption of resolutions will be
established  7 days prior to the deadline set for voting, i.e. at the end of the
working day of the settlement system of Nasdaq CSD Eesti on 25 March 2021.

The  proposals of the Management Board,  as approved by the Supervisory Council,
for the resolutions to be adopted are as follows:

1. Recalling of Supervisory Council members

1.1.        Recalling of Mr Simon Roger Gardiner from the Supervisory Council
To  recall Mr Simon Roger Gardiner from  the Supervisory Council of the Company.
The term of Mr Simon Roger Gardiner shall expire on 31 March 2021.

1.2.        Recalling of Mr Martin Padley from the Supervisory Council
To recall Mr Martin Padley from the Supervisory Council of the Company. The term
of Mr Martin Padley shall expire on 31 March 2021.

 1. Election of Supervisory Council members


2.1.        Election of Mr Mart Mägi as a Supervisory Council member
To elect Mr Mart Mägi as a member of the Supervisory Council of the Company from
1 April 2021 for the term set out in the Articles of Association of the Company.


2.2.        Election of Mr Robert Kitt as a Supervisory Council member
To  elect Mr Robert Kitt  as a member of  the Supervisory Council of the Company
from  1 April 2021 for the  term set out  in the Articles  of Association of the
Company.

 3.     Amendment of the Articles of Association and approval of the new wording
for the full document
To  amend the Articles of Association of the Company and approve the new wording
of the Articles of Association as presented to the shareholders.
The  new wording  of the  Articles of  Association is  available on  AS Tallinna
Vesi's website "Investor->Adoption of Shareholders' Resolutions->[?]-> Draft for
the Articles of Association".

 4.     Acquisition of one B share of the Company by the Company and the
acquisition conditions

To  give consent  to the  Company for  the acquisition  of one  B share with the
nominal  value of 60 (sixty) euros from the City  of Tallinn and to pay the City
of  Tallinn 60 (sixty) euros for the B share. The acquisition shall be completed
by 1 May 2021 at the latest.

Requesting information from the Management Board and background information
Shareholders  are entitled to request  information from the Company's Management
Board  by e-mail sending  their requests no  later than 23.59 on 29 March 2021.
Background  information  about  the  draft  resolutions  and  other  significant
information  relating to the agenda, incl.  the information about the candidates
for  the positions of  Supervisory Council members,  is available on AS Tallinna
Vesi's  website  www.tallinnavesi.ee  (http://www.tallinnavesi.ee).  The website
also  provides an overview of documents  that the authorised representative of a
shareholder are required to submit to the Company along with the resolutions.
Please  e-mail  the  questions  relating  the  resolutions  of shareholders, the
appointment of a shareholder representative and voting to Ms. Laura Korjus, Head
of    Communications    of    the    Company    (e-mail:   [email protected]
(mailto:[email protected]),  telephone: +372 62 62 271) no later than 23.59
on 29 March 2021.
The  questions, answers, resolutions  and full minutes  will be published on the
website of AS Tallinna Vesi.
Appointing a proxy
We  ask everybody, who are  going to appoint a  proxy for themselves, e-mail the
digitally  signed  proxies  to  [email protected]  (mailto:[email protected]).  In the
absence of the opportunity for a digital signature, please e-mail a scanned copy
of  the  signed  proxy  to  [email protected]  (mailto:[email protected]) and send the
original  signed proxy by  post to the  Company at: Ädala Str 10, 10614 Tallinn,
Estonia. If the proxy bears a handwritten signature, we request that the copy of
the  identification document of the  person delegating the authority, displaying
the  person's specimen signature,  be added. The  proxy form is  available on AS
Tallinna  Vesi's website "Investor->Adoption  of Shareholders' Resolutions->[?]-
>Identification documents required".

Requirements for proving the authorisation to represent a shareholder
Along  with  the  ballot  and  the  proxy,  we  request  a  representative  of a
shareholder to present a copy of a valid identity document. In the case of legal
persons,  we request an excerpt  of the valid registry  card from the Commercial
Registry be added to the ballot. Shareholders who are natural persons are kindly
requested  to  submit,  along  with  the  ballot, the copy of the identification
document, displaying the shareholder's specimen signature, unless the ballot has
been digitally signed.
Each document issued by a foreign country's official must be either legalized or
authenticated  with  a  document  certificate  apostille  and  have  a notarised
translation  into Estonian attached.  We request that  the scanned copies of the
documents listed above be e-mailed to [email protected] (mailto:[email protected]) and
the  original copies of the  documents be sent by  post to the Company at: Ädala
Str 10, 10614 Tallinn, Estonia.

 Requirements for the signing and sending the ballot

A  shareholder shall sign  the ballot either  electronically or by a handwritten
signature.  The shareholder shall  e-mail the electronically  signed ballot or a
scanned  copy of the ballot with a  handwritten signature to the e-mail address:
[email protected]  (mailto:[email protected]) by the date given above. We also request
the  ballot with the  original handwritten signature  to be sent  by post to the
Company's address at: Ädala Str 10, 10614 Tallinn, Estonia

The  notice  of  adoption  of  resolutions  of  shareholders of AS Tallinna Vesi
without  convening  a  general  meeting  calling  the  general  meeting  will be
published in the daily newspaper Eesti Päevaleht on 10 March 2021.

The   resolutions  adopted  by  shareholders  shall  be  disclosed  as  a  stock
announcement  and on the website of the  Company no later than 1 April 2021. The
full  minutes will be made available after  7 days from the due date established
for shareholders to submit their positions.

Laura Korjus

AS Tallinna Vesi

Head of Communications

(+372) 62 62 271

[email protected]