Profit allocation proposal, EUR


AS Eesti Telekom	 Announcement	24.04.2009     
                              
Profit allocation proposal, EUR    
                                             
Consolidated net profit of the Eesti Telekom Group for 2008, attributable to the
equity holders of the parent company of the Group, totalled 91,703 thousand EUR.
Consolidated retained earnings of the Eesti Telekom Group as of 31 December 2008
attributable to the equity holders of the parent company of the Group totalled  
154,274 thousand EUR.	                                                          
The Management Board's proposal is to distribute between shareholders and to pay
to shareholders as dividends 92,577 thousand EUR, i.e. 0.67 EUR per share,      
proceeding from the number of shares 137,954,528.                               
The residual of retained earnings totalling to 61,697 thousand EUR are to be    
carried forward in the balance sheet.                                           

Gunnar Hannus                                                                   
AS Eesti Telekom, financial manager                                             
Tel: 6 111 472                                                                  
Email: Gunnar.hannus@telekom.ee