ANNUAL GENERAL MEETING OF SHAREHOLDERS

Tallinn, ESTONIA


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