Preliminary time schedule for dividends payout

Tallinn, ESTONIA


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| 16.04.07    8:00         | Fixing shareholder list entitled to vote in AGM   |
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| 26.04.07                 | AGM                                               |
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| 24.05.07                 | Cum-dividends date                                |
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| 25.05.07                 | Ex-dividends date                                 |
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| 30.05.07    23:59        | Record date of shareholders entitled to dividends |
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| 15.06.07                 | Dividend payment date                             |
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Based on  the  results of  the  2006  financial  year,  the  Supervisory
Council  of 
AS Tallinna Vesi proposes a dividend payout of 196 010 thousand EEK (12 527
thousand EUR). Of  this 10 000  EEK (639.12 EUR) to  the  owner of the  B-share
 and 196 000 thousand EEK (12 527 thousand EUR) ie 9.8 EEK (0.63 EUR) per share
to the  owners of A-shares).  The proposal  is subject to  approval by  the 
Company's Annual  General Meeting of the Shareholders, held on April 26, 2007. 


Eteri Harring                                                                   
Head of Treasury and Investor Relations                                         
Ph: + 372 6262 225                                                              
eteri.harring@tvesi.ee