The Annual General Meeting of the Shareholders of AS Tallinna Vesi (registration code 10257326, address Ädala 10, Tallinn) shall be held on Wednesday, 23 April 2008 at 9am at the Hotel Euroopa (Paadi 5, Tallinn), in the 1st floor conference room “Ida-Euroopa). Registration of participants of the meeting will start at 8.30 a.m. on 23 April 2008. The agenda for the annual general meeting is as follows: Approval of the Annual Report Supervisory Council proposal: To approve the 2007 Annual Report. Distribution of profits Supervisory Council proposal: To distribute 249,010 thousand kroons of AS Tallinna Vesi's net profit of 277,840 thousand kroons for the year 2007 as dividends, of which 12.45 kroons per share shall be paid to the owners of the A-shares and 10,000 kroons per share shall be paid to the owner of the B-share. Appointment of the auditor Supervisory Council proposal: To appoint AS PricewaterhouseCoopers as the auditor and Tiit Raimla as the lead auditor for the 2008 financial year and to approve the principles for remuneration of the auditors approved by the Supervisory Council. Election of Supervisory Council members Supervisory Council proposal: To elect Henry Emanuel Russell as a Supervisory Council member of AS Tallinna Vesi starting from 23 May 2008. To elect Robert John Gallienne as a Supervisory Council member of AS Tallinna Vesi starting from 2 July 2008. The annual report, the principles for remuneration of the auditors and other documents related to the agenda of the meeting are available for reading at the headquarters of AS Tallinna Vesi at Ädala 10, Tallinn. Background information concerning the agenda and the draft resolution are also 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 of the shareholders or the agenda items, please contact our Chief Financial Officer Siiri Lahe via e-mail siiri.lahe@tvesi.ee or telephone +372 62 62 262. The shareholders' right to vote at the general meeting will be determined on the basis of the share ledger as at 23.59 on 13 April 2008. It will be proposed to the general meeting to pay the dividends out to the shareholders on 13 June 2008 and to determine the list of shareholders entitled to receive dividend on the basis of the share register as at 23:59 on 30 May 2008. Reigo Marosov Head of Communications Tel +372 6262 209 reigo.marosov@tvesi.ee