Correction: Tallinna Vesi's Supervisory Council approved the annual report for 2024 and the dividend proposal

There are no changes to the text of the notice, the Annual Report is attached in
ESEF format and the independent auditor's report is included in the report
file.

The Supervisory Council of AS Tallinna Vesi approved the audited annual report
report for 2024 and will submit it to the Annual General Meeting of Shareholders
for approval. The financial results have not changed from the unaudited results
published on 7 February 2025: Tallinna Vesi's fourth-quarter sales were EUR17.67
million (https://www.globenewswire.com/Tracker?data=cdTnUmxE2X10awUIl-
scKuXSB9OlyKRgGGJfSfZh3-
mu5xIFOrJbfZLVuZvVexMjNImei6lkXrDG5GG8Qwn4a5Au8EvCWUZi4m18iYHNxTvwV7KEb1mLjWFrWh
Xh9SI345srIVyl96NFNbN2kQhvFlJGhqjk11YH6yQ9Hf11zqzfWVs5Vp2IR4ZOU-s_hC09).

The audited annual report for 2024 is attached to this release and can be found
on Tallinna Vesi's website.
(https://www.globenewswire.com/Tracker?data=d4BbKo0sCwAArBOrFMinOXmInM3o7IsABB_V
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2BPVScOItbLspUnMZdIQWvV9HPI5rVYCgvgfM8MDOFZEajyqxNJff_iqUWRSxOKz)

Dividend proposal

Tallinna Vesi has formulated its dividend policy, which is based on the
regulatory pricing principles for water services and aims to give investors
greater clarity about the future. The company's dividend policy is to distribute
50-80% of the company's annual profit as dividends to its shareholders. The
amount of dividends to be paid is determined annually, taking into account the
company's earnings, investment needs, liquidity position, and long-term
financial objectives.

The Management Board of AS Tallinna Vesi proposes to the Annual General Meeting
of Shareholders that the profit for 2024 be distributed as follows:

  * to distribute EUR10,600 thousand of the company's consolidated retained
    earnings of EUR82,141 thousand accumulated as of 31/12/2024 (incl.
    consolidated net profit of EUR13,283 thousand for 2024) as dividends; The
    dividend per share will amount to EUR0.53.
  * the rest of retained earnings will remain undistributed;
  * no allocations will be made from the net profit to the reserve capital.

The list of shareholders entitled to dividends will be established in the Nasdaq
CSD settlement system as at the end of the business day (record date) of
10/06/2025. Consequently, the date on which the rights attaching to the shares
change (ex-day) is 09/06/2025. A person acquiring the shares from that day
onwards will not be entitled to dividends for 2024. Dividends will be paid to
the shareholders on 17 June 2025.

The 2024 proposal to distribute EUR0.53 per share as dividends amounts to 80% of
the net profit for 2024.

More information:

Taavi Gröön
Chief Financial Officer
AS Tallinna Vesi
(372) 62 62 200