The decisions of Annual General Meeting of the Shareholders in 2007

Tallinn, ESTONIA


The decisions of the Annual General Meeting of AS Tallinna   Vesi   held  on    
26th April 2007 were as follows:                                                

1. Approval of the Annual Report 
With 14 973 426 or 99.98% votes in favour to approve the 2006 Annual Report.    

2. Distribution of profits 
With 14 973 701 or 99.98% votes in favour to distribute the net profit of the   
year 2006 in sum of 248 046 thousand kroons 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 
000 thousand kroons to the owners of A-shares);                                 
3) the share of profit to be left undistributed - 52 036 thousand kroons.       

The shareholders' list entitled to dividend will be determined on the  basis  of
the share ledger as at 23.59 on 30 May 2007 and dividends will be paid out  to  
the shareholders on 15 June 2007.                                               

3. Appointment of the auditor 
With 14 973 563 or 99.98% votes in favour 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.                                       

AS Tallinna Vesi Annual General Meeting of the shareholders was held on 26th    
April 2007 at 10-11 am in Tallink Spa & Conference hotel. 14 976 737 votes out  
of the total of 20 million votes were represented at  the meeting.              

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