Annual General Meeting of the shareholders of AS Eesti Telekom, held on 20 May 2009 decided: 1. Approval of the 2008 Annual Report To approve the 2008 Annual Report. 2. Allocation of Profit To distribute consolidated retained earnings of the Eesti Telekom Group as of the end of the year 2008, attributable to the equity holders of the parent company of the Group, totalling EEK 2,413,843 thousand, as follows: To distribute among the shareholders and pay to the shareholders as dividends EEK 1,448,523 thousand, i.e. EEK 10.50 per share, based on a total of 137,954,528 shares entitled to dividends. To leave the residual retained earnings totalling EEK 965,320 thousand undistributed. The list of shareholders based on which dividends will be distributed shall be fixed at 23:59 on 5 June 2009. The dividends shall be paid out on 16 June 2009. 3. Recall and election of the Supervisory Council members To recall the following members of the Supervisory Board of AS Eesti Telekom: Björn Lindegren and Jörgen Latte. To consider the members of the Supervisory Board recalled and the term of their authorities as members of the Supervisory Board terminated from the moment of shareholders' resolution. To elect as members of the Supervisory Board of AS Eesti Telekom: Juha-Pekka Weckström and Freenasp Mobedjina. To consider the above persons elected and the term of their authorities as members of the Supervisory Board commenced from the moment of shareholders' resolution. 4. Election and remuneration principles of an auditor To appoint AS PricewaterhouseCoopers (reg. no. 10142876) as an auditor of AS Eesti Telekom in the financial year 2009. The provision of and remuneration for the auditing services will be based on a contract entered into with the auditing company.