Börsiteade

Pealkiri

Decisions of the Annual General Meeting of Shareholders of AS Tallinna Vesi

Teade

Annual  General Meeting of  Shareholders of the  Public Limited Company Tallinna
Vesi  was  held  on  Thursday,  3 June  2021 at  09.00 (GMT+3)-  9.50 (GMT+3) at
Paljassaare Wastewater Treatment Plant of AS Tallinna Vesi, in the Gym (Address:
Paljassaare põik 14, Tallinn, Estonia). 15,454,948 votes, i.e 77.27% of total of
20 million votes were represented at the meeting.

AGENDA OF THE ANNUAL GENERAL MEETING

1.        Approval of the 2020 Annual Report

RESOLUTION:  To approve the 2020 Annual Report including the balance sheet total
in  the amount of  EUR255,665,000 (two hundred  and fifty-five million six hundred
and  sixty-five thousand) and  net profit in  the amount of EUR16,732,000 (sixteen
million seven hundred and thirty-two thousand) was adopted with 15,454,948 votes
in favor (ie. 100 % of all votes represented at the meeting).

2.        Distribution of profit

RESOLUTION:  Was approved with  15,454,348 votes in favor  (ie 100% of all votes
represented at the meeting.

The  net profit  of the  Company in  2020 is EUR16,732,000  (sixteen million seven
hundred  and thirty-two thousand). To  distribute EUR13,000,000 (thirteen million)
of AS Tallinna Vesi's retained earnings of EUR74,243,000 (seventy-four million two
hundred and forty-three thousand) as of 31/12/2020, incl. from the net profit of
EUR16,732,000 (sixteen million seven hundred and thirty-two thousand) for the year
2020, as  dividends, of which  EUR0.65 (zero point  sixty-five) per share shall be
paid to the owners of A-shares.

The  rest of retained earnings will remain undistributed and no allocations will
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 general  meeting to decide to  pay the dividends out to
the  shareholders on 29 June 2021. The list  of shareholders entitled to receive
dividends  will be established as at 18 June 2021 at the closure of business day
of  the settlement system. Consequently, the day of change of the rights related
to  the shares (ex-dividend date) is set to 17 June 2021. A person acquiring the
shares  from 17 June 2021 onwards shall not be entitled to receive the dividends
determined by this decision.

3.        Amendment to the Articles of Association

The Articles of Association shall be amended in connection with the cancellation
of the B share and the Company shall have only one type of shares.

RESOLUTION:  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
Articles  of  Association  shall  not  be  amended  with  this resolution if the
resolution  within  the  Agenda  Item  No  4 is  not  adopted. In such case, the
Articles of Association shall remain in their current form.

The  resolution was approved with15,454,808 votes in favor (ie 100% of all votes
represented at the meeting)

4.        Reduction of  the share capital by cancelling the B share owned by the
Company

The  share capital shall be reduced due to the cancellation of one B share owned
by the Company.

RESOLUTION:  To cancel the one B share owned by the Company and reduce the share
capital  of the Company accordingly. To reduce  the share capital of the Company
by EUR60 (sixty euros) from EUR12,000,060.00 to EUR12,000,000.00, by way of cancelling
the  B share with a nominal value of EUR60 (sixty euros). The share capital of the
Company shall be EUR12,000,000.00 after the reduction of share capital.

The  resolution was approved with15,454,948 votes in favor (ie 100% of all votes
represented at the meeting)

5.        Extension of the terms of office of Supervisory Council members

RESOLUTION  1: Approved with15,119,808  votes in  favor (ie  97,83% of all votes
represented  at the meeting), to  extend Mr Allar Jõks'  term as a member of the
Supervisory Council of AS Tallinna Vesi from 3 June 2021 by three (3) years. The
Supervisory  Council member shall  receive remuneration for  his activities as a
Supervisory  Council member in accordance with the  Item 3 of the minutes of the
Annual General Meeting of the Company held on 22 November 2005.

RESOLUTION  2: Approved with15,119,808  votes in  favor (ie  97,83% of all votes
represented  at the meeting), to  extend Mr Priit Rohumaa's  term as a member of
the Supervisory Council of AS Tallinna Vesi from 3 June 2021 by three (3) years.
The  Supervisory Council member shall receive remuneration for his activities as
a Supervisory Council member in accordance with the Item 3 of the minutes of the
Annual General Meeting of the Company held on 22 November 2005.

6.        Election of the Auditor

RESOLUTION:  To  appoint  AS  PricewaterhouseCoopers  as  the  auditor  for  the
financial years 2021 and 2022. To pay the fee to the auditor as per the contract
to  be entered into with the auditor, approved with15,454,948 votes in favor (ie
100% of all votes represented at the meeting).


The presentation of the Annual General Meeting is available here.
(https://tallinnavesi.ee/wp-content/uploads/2021/06/2021-06-03-AGM-
Presentation.pdf)


Laura Korjus
Head of Communication
AS Tallinna Vesi
(+372) 626 2271
[email protected]