Börsiteade

Pealkiri

Notice to convene the Annual General Meeting of Shareholders

Teade

The Management Board of AS Tallinna Vesi (reg. nr. 10257326, Ädala 10, 10614
Tallinn) announces that AS Tallinna Vesi’s Annual General Meeting of
Shareholders shall be held on Tuesday, 20.05.2014 at 09.00 (GMT+2) in the
Tallink Spa & Conference Hotel (Sadama 11a, Tallinn) 2nd floor conference room
“Galaxy 1”. 

Registration of participants of the meeting will start on 20.05.2014 at 08.30
am (GMT+2) at the location of the meeting. Registration ends at 9.00 (GMT+2).
We kindly ask all shareholders and their representatives to arrive in time,
taking into account the time needed for registration of participants. 

The agenda for the Annual General Meeting has been approved by the Supervisory
Council with the following proposals: 

  1.  Approval of 2013 Annual Report

Council proposal: To approve the 2013 Annual Report.

  1. Distribution of profit

Council proposal: The net profit of the Company in 2013 is 19 936 000 (nineteen
million nine hundred thirty six thousand) euros. To distribute 18 000 600
(eighteen million six hundred) euros of AS Tallinna Vesi’s retained earnings of
49 196 000 (forty nine million one hundred ninety six thousand) euros as of
31.12.2013, incl. from the net profit of 19 936 000 (nineteen million nine
hundred thirty six thousand) euros for the year 2013, as dividends, of which
0,90 euros (zero point ninety) per share shall be paid to the owners of the
A-shares and 600 (six hundred) euros per share shall be paid to the owner of
the B-share. Remaining retained earnings will remain undistributed and
allocations from net profit will not be made to the reserve capital. 

Based on the dividend proposal made by the Management Board, the Council
proposes to the general meeting to decide to pay the dividends out to the
shareholders on 13.06.2014 and to determine the list of shareholders entitled
to receive dividends on the basis of the share ledger as at 23.59 on
03.06.2014. 

  1. Election of members of the Supervisory Council 

3.1. Council proposal: To elect Mr. Robert John Gallienne as a Supervisory
Council member of AS Tallinna Vesi from 23.05.2014. 

3.2. Council proposal: To elect Mr. Simon Roger Gardiner as a Supervisory
Council member of AS Tallinna Vesi from 23.05.2014. 

3.3. Council proposal: To elect Mr. Mart Mägi as a Supervisory Council member
of AS Tallinna Vesi from 23.05.2014. 

3.4. Council proposal: To elect Mr. Rein Ratas as a Supervisory Council member
of AS Tallinna Vesi from 23.05.2014. 

  1. Election of auditor

Council evaluation of the auditor’s work and proposal:

AS PricewaterhouseCoopers has provided auditing services for AS Tallinna Vesi
during the financial year of 2013 pursuant to the agreement concluded between
the parties in 2012. In the opinion of the Supervisory Council, AS
PricewaterhouseCoopers has provided services in compliance with the agreement
and the Supervisory Council has no complaints regarding the quality of the
auditing services. 

To appoint AS PricewaterhouseCoopers as the auditor and Mr. Ago Vilu as the
lead auditor for the financial year of 2014. To approve the principles for
remuneration of the auditor as per the agreement signed with the auditor. 

  1. CEO update on privatisation contract dispute

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Shareholders, whose shareholding represents at least 1/20 of the share capital,
may request for additional items to be added to the agenda of the General
Meeting, if the respective request is submitted in writing at least 15 days
prior to the General Meeting, i.e. by 04.05.2014 at the latest. Shareholders,
whose shareholding represents at least 1/20 of the share capital, may submit
their draft resolutions to each agenda item, incl. additional agenda items in
writing up to 3 days before the General Meeting, i.e. by the close of business
(17.00, GMT+2) on 16.05.2014 at the latest. 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. 

After the agenda items of the 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. 

Background information regarding the agenda, the 2013 Annual Report of AS
Tallinna Vesi, the Council report, the auditor's report, the dividends’
proposal, the principles of remuneration of the auditor, the proposals for
resolutions, as well as reasoning for additional agenda items together with the
proposals submitted by shareholders for resolution, other documents submitted
for the General Meeting in accordance with the law, and other important data
regarding the agenda, incl. data regarding Council member candidate and
auditor’s candidate are available on AS Tallinna Vesi’s website at
www.tallinnavesi.ee, where you will also find an overview of documents that the
shareholders or their representatives are required to take along in order to be
able to participate at the General Meeting (whether in person or by proxy). 

The 2013 Annual Report of AS Tallinna Vesi, Council Report and the auditor’s
report are also available for review on the website of NASDAQ OMX Tallinn Stock
Exchange http://www.nasdaqomxbaltic.com/. 

In case you have any questions regarding the Annual General Meeting of
shareholders or the agenda items, please contact our Head of Communications, Ms
Mariliis Mia Topp via e-mail [email protected] or telephone +372 62 62
275. 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 authorizations of representatives can also be
sent to the above e-mail address until the business day preceding the date of
General Meeting, on 19.05.2014 at the latest. 

Shareholder representatives are kindly asked to 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 preferably
translated into Estonian. Should the shareholder require a power-of-attorney
for its representative, a proxy form is available at AS Tallinna Vesi’s website
under the section “Identification documents required for attending the General
Meeting”. 

The shareholders’ right to vote at the General Meeting will be determined on
the basis of the share ledger as at 23.59 (GMT+2) on 13.05.2014. 


         Mariliis Mia Topp
         AS Tallinna Vesi
         Head of Communications
         Phone +372 6262 275
         [email protected]