Changes in the debt obligations of AS Tallinna Sadam

AS  Tallinna Sadam signed  an unsecured loan  agreement with AS  Swedbank in the
amount  of EUR 10 million  and a maturity  of 4 years. The  interest rate of the
loan is 6-month Euribor plus interest margin. The loan amount can be drawn until
31 December  2024 and the final maturity  date is 13 September 2028. The funding
will  be used partially to refinance  existing debt obligations and partially to
finance  the  company's  general  business  needs,  also as bridge financing for
investments.

Tallinna  Sadam is one of the largest cargo- and passenger port complexes in the
Baltic Sea region. In addition to passenger and freight services, Tallinna Sadam
group  also operates in  shipping business via  its subsidiaries -  OÜ TS Laevad
provides  ferry services between the Estonian  mainland and the largest islands,
and  OÜ TS Shipping charters its  multifunctional vessel Botnica for icebreaking
and  offshore services in  Estonia and projects  abroad. Tallinna Sadam group is
also  a  shareholder  of  an  associate  AS  Green  Marine, which provides waste
management services.

Additional information:

Angelika Annus
Head of Investor Relations
Tel. +372 5649 6230
[email protected] (mailto:[email protected])