Eesti Telekom 01.10.2009 Minutes of EXTRAORDINARY General Meeting Extraordinary General Meeting of the shareholders of AS Eesti Telekom, held on 1 October 2009 decided: 1. Allocation of Profit The Supervisory Council, after consideration of the financial condition of Eesti Telekom Group, proposes to additionally distribute consolidated retained earnings of the Eesti Telekom Group as of the end of the year 2008, EEK 2,413,843 thousand, attributable to the equity holders of the parent company of the Group, less 1,448,523 thousand already paid as dividend, totalling EEK 965,320 thousand as follows: To distribute among the shareholders and pay to the shareholders as dividends EEK 964,302 thousand, i.e. EEK 6.99 per share, based on a total of 137,954,528 shares entitled to dividends. The list of shareholders based on which dividends will be distributed shall be fixed at 23:59 on 15 October 2009. The dividends shall be paid out on 30 October 2009. 2. Dividend Policy for years 2009-2011 The Supervisory Council proposes a dividend policy of AS Eesti Telekom for the fiscal years 2009, 2010 and 2011 in line with the current practice, whereby the dividend payable in accordance with the law in 2010, 2011 and 2012 shall be equal to 100 percent of accumulated net income of the preceding year.