Börsiteade

Pealkiri

Notice to convene the Annual General Meeting of Shareholders

Teade

22.04.2010

The Management Board of AS Tallinna Vesi (reg. nr. 10257326, Ädala 10, Tallinn)
announce that AS Tallinna Vesi's Annual General Meeting of Shareholders shall
be held on Tuesday, 18th of May 2010 at 09.00 in the „Galaxy 1+Galaxy2“
conference room of Tallink Spa & Conference Hotel (Sadama 11a, 10111, Tallinn). 

Registration of participants of the meeting will start on 18th May 2010 at
08.30am. 

The agenda for the annual general meeting approved by the Supervisory Council:

1	Approval of the Annual Report
Supervisory Council proposal: To approve the 2009 Annual Report.

2	Distribution of profits
Supervisory Council proposal: To distribute 500,010,000 kroons (EUR 31,956,463)
as dividends from AS Tallinna Vesi's retained earnings as at 31.12.2009, which
includes the net profit of 339,933,577 kroons (EUR 21,725,715) for the year
2009, of which 25 kroons (EUR 1.6) per share shall be paid to the owners of the
A-shares and 10,000 kroons (EUR 639) per share shall be paid to the owner of
the B-share. Remaining retained earnings will remain undistributed. It will be
proposed to the general meeting to pay the dividends out to the shareholders on
11 June 2010 and to determine the list of shareholders entitled to receive
dividends on the basis of the share ledger as at 23.59 on 01 June 2010. 

3	Recalling of Supervisory Council members
Council proposal: Due to the need to harmonise the terms of office of the
elected members of the Council, as the end dates of their terms have come to
vary over the years, to recall from the Council of AS Tallinna Vesi Mssrs
Robert John Gallienne, Matti Hyyrynen, Valdur Laid, Mart Mägi and Rein Ratas 

4	Electing Supervisory Council members
4.1. To elect Mr. Robert John Gallienne as a Supervisory Council member 
Supervisory Council proposal: To elect Mr. Robert John Gallienne as a
Supervisory Council member of AS Tallinna Vesi from 18th May, 2010. 

4.2. To elect Mr. Matti Hyyrynen as a Supervisory Council member
Supervisory Council proposal: To elect Mr. Matti Hyyrynen as a Supervisory
Council member of AS Tallinna Vesi from 18th May, 2010. 

4.3. To elect Mr. Valdur Laid as a Supervisory Council member
Supervisory Council proposal: To elect Mr. Valdur Laid as a Supervisory Council
member of AS Tallinna Vesi from 18th May, 2010. 

4.4. To elect Mr. Mart Mägi as a Supervisory Council member
Supervisory Council proposal: To elect Mr. Mart Mägi as a Supervisory Council
member of AS Tallinna Vesi from 18th May, 2010. 

	4.5. To elect Mr. Rein Ratas as a Supervisory Council member
Supervisory Council proposal: To elect Mr. Rein Ratas as a Supervisory Council
member of AS Tallinna Vesi from 18th May, 2010. 

5	Appointment of the auditor
Supervisory Council evaluation of auditors work and proposal: AS
PricewaterhouseCoopers has provided auditing services for AS Tallinna Vesi
during the financial year 2009 pursuant to the agreement concluded between AS
PricewaterhouseCoopers and AS Tallinna Vesi in 2008. In the opinion of the
Supervisory Council, AS PricewaterhouseCoopers has provided services in
compliance with the agreement and the Supervisory Council does not have
complaints in respect to the quality of the auditing services. 
To appoint AS PricewaterhouseCoopers as the auditor and Tiit Raimla as the lead
auditor for the 2010 financial year and to approve the principles for
remuneration of the auditors approved by the Supervisory Council. 

Shareholders, whose share owning represent at least 1/20 of the share capital,
may request for additional items to be included on the agenda, if the
respective request is submitted in writing at least 15 days prior to the annual
general meeting, by the close of business (17.00 Estonian time) on 30th of
April 2010 at the very latest. Shareholders, whose share owning represent less
than 1/20 of the share capital, may present their draft resolutions to each
agenda item in writing not later than 3 days before the annual general meeting,
by the close of business (17.00 Estonian time) on 14th of May, 2010. The
process of exercising these rights is published in more detail on AS Tallinna
Vesi's website at www.tallinnavesi.ee, where the draft resolutions and
explanations submitted by the shareholders will also be published after their
receipt. Draft resolutions and explanations are also available at AS Tallinna
Vesi's premises at Ädala 10, Tallinn. 

After the agenda items of the annual general meeting have been exhausted,
including any additional items, the shareholders may inquire about the
Company's activities from the Management Board of AS Tallinna Vesi according to
the procedure published on the Company's website at www.tallinnavesi.ee 

The 2009 Annual Report of AS Tallinna Vesi and the auditor's report are
available for review on the website of NASDAQ OMX Tallinn Stock Exchange
http://www.nasdaqomxbaltic.com/. The 2009 Annual Report of AS Tallinna Vesi,
the auditor's report, the proposal for distribution of profits, the principles
for remuneration of the auditors, proposals of resolution and explanations
regarding additional agenda items submitted by the shareholders, other
documents to be submitted to the general meeting in accordance with the law and
other documents related to the agenda of the meeting are available for reading
at the headquarters of AS Tallinna Vesi at Ädala 10, Tallinn at the Legal
department from the time of publication of this notice until 17th May 2010
(inclusive) from 10.00-12.00am and from 2.00-4.00pm on each working day. In
order to have access to the documents, shareholders must present a valid
identification document, whereas authorized representatives must present a
valid identification document along with a valid power-of-attorney. On May 18th
2010, the documents can be studied at the venue of the annual general meeting
from 8.30 until the end of the annual general meeting. Excerpts of the
documents may be made by hand. The Company may charge a reasonable service
charge for making copies. 

Background information concerning the agenda, the draft resolutions and other
data and documents subject to disclosure are available on the homepage of AS
Tallinna Vesi www.tallinnavesi.ee. Our homepage also contains an overview of
the documents that the shareholder must have with him/her in order to
participate at the Annual General Meeting (whether in person or by proxy). 

In case you have any questions regarding the Annual General Meeting of the
shareholders or the agenda items, please contact our Head of Communications
Priit Koff via e-mail [email protected] or telephone +372 62 62 209. The
questions, answers and the minutes of the general meeting shall be published on
the company's website. 

Written notices of appointing shareholder representatives or of withdrawing
representative authorizations can also be sent to the above e-mail address
until the day before the annual general meeting, on May 17th, at the latest. 

Shareholder representatives must bring along a valid identification document
and a valid written power-of-attorney. In the case of corporate entities we
request you also bring a valid copy of your registry card. Each document issued
by a foreign country's official must be either legalized or authenticated with
a document certificate apostille and preferrably translated to Estonian. 

The list of shareholders, who are entitled to vote at the General Meeting shall
be determined on the basis of the share ledger as at 23.59 on 11 May 2010. 

Priit Koff
Head of Communications
Tel +372 6262 209
[email protected]