Adoption of resolutions of shareholders of AS Tallinna Vesi without convening an Extraordinary 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 an extraordinary meeting in accordance with article 6.2.10 of the Articles of Association of the Company and § 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 (choose “Investor->Adoption of Shareholders’ Resolutions“) 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 09:00 (here and hereafter Estonian time) on Thursday, 28 March 2024. 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 21 March 2024.

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

1. Extension of the term of office of Supervisory Council members

1.1. Extension of the term of office of Mart Mägi as a member of the Supervisory Council

To extend the term of office of Mart Mägi as a member of the Supervisory Council from 01/04/2024 for the next statutory term of office.

1.2 Extension of the term of office of Robert Kitt as a member of the Supervisory Council

To extend the term of office of Robert Kitt as a member of the Supervisory Council from 01/04/2024 for the next statutory term of office.

Requesting information from the Management Board and background information

Shareholders are entitled to request information from the Company’s Management Board by e-mail sending their requests no later than 23.59 on 25 March 2024. Background information about the candidate for the position of Supervisory Council member is published on the website of AS Tallinna Vesi www.tallinnavesi.ee (choose “Investor->Adoption of Shareholders’ Resolutions“). The website also provides an overview of documents that the authorised representative of a shareholder is required to submit to the Company along with the resolutions.