Profit allocation proposal, EEK


AS Eesti Telekom		Announcement  24.04.2009      
                             
Profit allocation proposal, EEK  
                                               
Consolidated net profit of the Eesti Telekom Group for 2008, attributable to the
equity holders of the parent company of the Group, totalled 1,434,835 thousand  
EEK. Consolidated retained earnings of the Eesti Telekom Group as of 31 December
2008 attributable to the equity holders of the parent company of the Group      
totalled 2,413,843 thousand EEK.	                                               
The Management Board's proposal is to distribute between shareholders and to pay
to shareholders as dividends 1,448,523 thousand EEK, i.e. 10.50 EEK per share,  
proceeding from the number of shares 137,954,528.                               
The residual of retained earnings totalling to 965,320 thousand EEK are to be   
carried forward in the balance sheet.                                           

Gunnar Hannus                                                                   
AS Eesti Telekom, financial manager                                             
Tel: 6 111 472                                                                  
Email: Gunnar.hannus@telekom.ee