AS Tallinna Vesi              Stock Exchange Release          November 8th, 2005



Extraordinary General Meeting of Shareholders



The Extraordinary General Meeting of the Shareholders (EGM) of AS Tallinna Vesi

will be held on Tuesday 22nd November, 2005 at 2 p.m. in the Reval Hotel Olümpia

conference centre (address Liivalaia 33, Tallinn) in room Gamma.



The Supervisory Council has approved the following agenda of the general meeting:

1. Election of Mrs. Helo Meigas as an independent Supervisory Council member;

2. Election of Mr. Valdur Laid as an independent Supervisory Council member;

3. Remuneration of Supervisory Council members.



Information regarding the candidates for the Supervisory Council members and

proposal on remuneration of Supervisory Council members is available on the

webpage of AS Tallinna Vesi <a href='http://www.tallinnavesi.ee.' target='_blank'>http://www.tallinnavesi.ee.</a> Additionally, the webpage sets

out an overview of the documents required to participate at a general meeting of

the shareholders (in person or through a representative).



Shareholders' voting right at the general meeting will be determined on the  basis

of the share register as of November 22nd, 2005 at 8 a.m.



The registration of participants will begin on the day of the meeting at 1 p.m.

and finish at 2 p.m.



According to Tallinn Stock Exchange requirements AS Tallinna Vesi as a listed

company should have two independent Supervisory Council members. The company is

required to elect and appoint the independent members by the end of 2005. In

connection with the above, the Management Board proposed to arrange an EGM.





Additional information:

Eteri Harring

Treasury and IR manager

phone +372 62 62 225

eteri.harring@tvesi.ee





Karita Sall

PR Manager

phone +372 62 62 209

karita.sall@tvesi.ee