Profit allocation proposal , EEK


Consolidated net profit of the Eesti Telekom Group for 2006, attributable to the
equity holders of the parent company of the Group totalled to 1,309,443 thousand
EEK. 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 2,234,831 thousand EEK.                                                

The Management Board's proposal is to distribute between shareholders and to pay
to shareholders as dividends 1,310,568  thousand EEK i.e. 9.50 EEK per share,   
proceeding from the number of shares 137,954,528.                               

The residual of retained earnings totalling to 924,263 thousand EEK to be       
carried forward in the balance sheet.

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