Tallinn District Court decision in the criminal case related to the former board members of Tallinna Sadam

In June 2024 Harju County Court terminated the criminal proceedings towards
former member of the management board of AS Tallinna Sadam (hereinafter:
"Tallinna Sadam") Ain Kaljurand, Allan Kiil and other defendants due to
expiration of the limitation period for the criminal case, released the
properties from seizure and partially ordered procedure expenses. The county
court agreed that the defendants had participated in corrupt agreements but
considered them to be cases of private sector corruption, in which the statute
of limitations for the offenses is shorter compared to the situation of taking a
bribe by an official person. The termination of the criminal proceedings
resulted in the non-examination of the civil claim of the victims, Tallinna
Sadam and TS Laevad OÜ. Tallinna Sadam and OÜ TS Laevad, as parties to the legal
proceedings, filed an appeal with the Tallinn Circuit Court and asked the court
to annul certain points of the resolution of the Harju County Court's decision
of 27 June 2024. The victims found that the former members of the board of
Tallinna Sadam should be treated as official persons and therefore the civil
claim should be resolved on its merits.

On  4 June  2025, the  Tallinn  Circuit  Court  decided  to  partially annul the
decision  of the Harju  County Court of  27 June 2024, and made  a new decision,
being  in consent  with the  prosecutor's office  and the  victims that the acts
alleged  against Martin Paide  and Toivo Promm  must be reclassified compared to
what  was stated  in the  county court's  decision. However,  the district court
agreed  with the county court that Ain  Kaljurand and Allan Kiil were not public
officials, and the decision of the Harju County Court was left unchanged in this
regard.  The  district  court  therefore  dismissed  the  appeal of the victims,
Tallinna  Sadam and  TS Laevad  OÜ, who  requested to  annul the  county court's
decision not to process the civil claim.

The Court judgement has not entered into force as a party in the proceedings may
appeal  against the judgement of the  Tallinn District Court within 30 days from
the time of publication of the court judgement. Tallinna Sadam shall analyse the
decision  and consider whether and to what extent to appeal the judgement of the
district court.

The  management board believes that based on known information, the above events
will  not have a material adverse impact on the Group's financial performance or
financial  position. Additional information about this  case can be found in the
stock exchange announcements of 27 June 2024, 31 July 2024 and 15 October 2024.

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
E-mail: [email protected] (mailto:[email protected])