The whole idea is to force the probe to read 7.0 and 4.0. If you add water to the fluid, you will change the pH and will distort the calibration.
Just stick the probe in the 7.01 fluid and wait a minute or so for the reading to stabilize and to stop moving around. For this model you should have received a small screwdriver. If the reading is not exactly 7.0 then use the screwdriver and turn the little calibration screw which is just below the display. It should be labeled as "7.0" or something like that.
Then, rinse the electrode. You can use tap water to do this.
Follow the same procedure with the 4.01 fluid. Allow the reading to stabilize and if it does not read exactly 4.0 in the display the turn the screw labeled "pH4/10" (or whatever).
That's it!
Cheers,