AS Tallinna Vesi (registration code 10257326, address Ädala 10, Tallinn) announces that the Annual General Meeting of the Shareholders of the Company will be held On Thursday, 26 April 2007 at 10.00 a.m. In the Tallink Spa & Conference Hotel Sadama 11a, 10111 Tallinn, Estonia. Registration of participants of the meeting will start on 26 April 2007 at 9.00 a.m. The agenda for the general meeting is as follows: 1.Approval of the Annual Report Council proposal: To approve the 2006 Annual Report. 2.Distribution of profits Council proposal: The net profit of AS Tallinna Vesi for the year 2006 is 248 046 thousand kroons. To distribute the profit of the year 2006 in the following manner: 1) transfers to reserve capital - 0 kroons; 2) the share of profit to be distributed among the shareholders - 196 010 thousand kroons (of this 10 thousand kroons to the owner of the B-share and 196 010 thousand kroons to the owners of A-shares); 3) the share of profit to be left undistributed - 52 036 thousand kroons. 3.Appointment of the auditor Council proposal: To appoint AS Deloitte Audit Eesti as the auditor and Sander Kallasmaa as the lead auditor for 2007 financial year. To approve the principles for remuneration of the auditors as determined in the agreement to be signed with the auditors. Background information concerning each agenda item and the draft resolutions 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 or the agenda items, please contact Eteri Harring (Treasury and Investor Relations Manager) by e-mail eteri.harring@tvesi.ee or telephone 62 62 225. The annual report is available on the homepage of AS Tallinna Vesi or it is also possible to review the annual report at the headquarters of AS Tallinna Vesi at Ädala 10, Tallinn. In order to to make an appointment to review the annual report at the headquarters of AS Tallinna Vesi please contact Eteri Harring. The shareholders' right to vote at the general meeting will be determined on the basis of the share ledger as at 8.00 am on 16 April 2007. Eteri Harring Head of Treasury and Investor Relations Ph: + 372 6262 225 eteri.harring@tvesi.ee