Profit allocation proposal, EUR


Consolidated net profit of the Eesti Telekom Group for 2006, attributable to the
equity holders of the parent company of the Group totalled to 83,689 thousand   
EUR. Consolidated retained earnings of the Eesti Telekom Group as of 31 December
2006 attributable to the equity holders of the parent company of the Group      
totalled 142,832 thousand EUR.                                                  

The Management Board's proposal is to distribute between shareholders and to pay
to shareholders as dividends 83,761  thousand EUR i.e. 0.61 EUR per share,      
proceeding from the number of shares 137,954,528.                               

The residual of retained earnings totalling to 59,071 thousand EUR to be carried
forward in the balance sheet.

Hille Võrk
AS Eesti Telekom, CFO
Phone: +372 6 311 212
Email: hille.vork@telekom.ee