Adoption of resolutions by shareholders of AS Tallinna Vesi without convening a general meeting

The Management Board of AKTSIASELTS TALLINNA VESI (registry code 10257326, address Ädala 10, 10614 Tallinn) (hereinafter also the „Company") introduces to the shareholders the draft resolutions for adoption without convening a meeting in accordance with § 299¹ of the Commercial Code.
Shareholders are invited to vote on the draft resolutions provided below by filling in the ballot on the website of the Company www.tallinnavesi.ee and send the votes along with the documents certifying the right of representation, listed below, to the Management Board of the Company no later than 9.00 (here and hereafter Estonian time) on Thursday, 1 April 2021. For sending the ballot and the documents certifying the right of representation listed below, we ask to choose a method, which ensures the arrival thereof by the above deadline. If a shareholder fails to notify by the above deadline whether he/she votes against or in favour of the resolution, the shareholder shall be deemed to have voted against the resolution.

The list of shareholders entitled to vote on the adoption of resolutions will be established 7 days prior to the deadline set for voting, i.e. at the end of the working day of the settlement system of Nasdaq CSD Eesti on 25 March 2021.

The proposals of the Management Board, as approved by the Supervisory Council, for the resolutions to be adopted are as follows:

1. Recalling of Supervisory Council members

1.1.        Recalling of Mr Simon Roger Gardiner from the Supervisory Council
To recall Mr Simon Roger Gardiner from the Supervisory Council of the Company. The term of Mr Simon Roger Gardiner shall expire on 31 March 2021.

1.2.        Recalling of Mr Martin Padley from the Supervisory Council
To recall Mr Martin Padley from the Supervisory Council of the Company. The term of Mr Martin Padley shall expire on 31 March 2021.

2. Election of Supervisory Council members
    

2.1.        Election of Mr Mart Mägi as a Supervisory Council member
To elect Mr Mart Mägi as a member of the Supervisory Council of the Company from 1 April 2021 for the term set out in the Articles of Association of the Company.
             

2.2.        Election of Mr Robert Kitt as a Supervisory Council member
To elect Mr Robert Kitt as a member of the Supervisory Council of the Company from 1 April 2021 for the term set out in the Articles of Association of the Company.