Port of Tallinn and TS Laevad appealed the judgement of Tallinn Circuit Court

In  early June, the company  described in its notice  that 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 circuit 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  circuit 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.

Port  of Tallinn and OÜ TS Laevad, as  parties to the court proceedings, filed a
cassation  appeal  and  request  that  the  decision  of  Harju  County Court of
27.06.2024 and  the  decision  of  Tallinn  Circuit  Court  of 04.06.2025 in the
criminal  case be annulled in the part  in which the accusation was reclassified
as  a private sector bribery offense, the proceedings were terminated due to the
statute  of limitations, the  civil action was  dismissed, the measures taken to
secure  the civil action were canceled, and  the procedural costs of the victims
were not compensated.

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, 15 October 2024 and
4 June 2025.

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:

Andrus Ait
Chief Financial Officer
Tel. +372 526 0735
E-mail: [email protected] (mailto:[email protected])