Tallinna Vesi - estnischer Wasserversorger

dividendenstark;

22.04.2010 - 08:30 (GMT+3) , Exchange: TLN , Company: TVE
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TVE: AS Tallinna Vesi Dividend Proposal for 2010

Tallinna Vesi Company Announcement 22.04.2010

AS Tallinna Vesi Dividend Proposal for 2010

The Supervisory Council of AS Tallinna Vesi will make a proposal to the Annual
General Meeting of Shareholders to pay dividends of 500,01 million EEK in 2010.

Before deciding on this proposal the Management Board of AS Tallinna Vesi
undertook a thorough review of its cash flows for the next business plan period
to ensure that the Company would be able to fully comply with all operational
standards and meet its contractual requirements and investment programs.

The Company engages in regular dialogue with all the major shareholders. During
these meetings all the majority shareholders have expressed their views on the
range of dividends they feel it would be appropriate to pay to the owners of
the company in 2010. The Company has taken these points of view into account.

As a result of all of the above factors the Management Board of AS Tallinna
Vesi made a proposal to make a dividend payment in 2010 of 500 010 000 EEK (EUR
31,956,463) from AS Tallinna Vesi's retained earnings as at 31.12.2009 to its
Supervisory Council on 21 April 2010. The complete Supervisory Council reviewed
this proposal and the analysis made by the Management Board and voted to accept
the proposal. This is now included in the agenda for the Annual General Meeting
of Shareholders that will take place on 18 May 2010.

The final decision to approve the amount of dividends to be paid in 2010 will
be made by the shareholders of AS Tallinna Vesi at this meeting.