AS Tallinna Vesi (registration code 10257326, address Ädala 10, Tallinn) announces that the Extraordinary General Meeting of the Shareholders of the Company will be held on Friday, 23 November 2007 at 10 a.m. at Radisson SAS Hotel (Rävala pst. 3, Tallinn), in the 1st floor conference room Registration of participants of the meeting will start on 23 November 2007 at 9.30 a.m. The agenda for the extraordinary general meeting is as follows: 1. Election of Supervisory Council members Supervisory Council proposal: To elect Valdur Laid as an independent Supervisory Council member of AS Tallinna Vesi starting from 23 November 2007. 2. Election of Supervisory Council members Supervisory Council proposal: To elect Rein Ratas as a Supervisory Council member of AS Tallinna Vesi starting from 23 November 2007. 3. Election of Supervisory Council members Supervisory Council proposal: To elect Mart Mägi as an independent Supervisory Council member of AS Tallinna Vesi starting from 23 November 2007. Background information concerning the agenda and the draft resolution 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 Extraordinary General Meeting of the shareholders or the agenda items, please contact Eteri Harring (Head of Treasury and Investor Relations) by e-mail eteri.harring@tvesi.ee or telephone 62 62 225. The shareholders' right to vote at the extraordinary general meeting will be determined on the basis of the share ledger as at 23.59 pm on 13 November 2007. Eteri Harring Head of Treasury and Investor Relations Ph: + 372 6262 225 eteri.harring@tvesi.ee