Changes in the Management Board of Tallinna Sadam subsidiary TS Shipping

The  Supervisory  Board  of  TS  Shipping  OÜ  (hereinafter:  "TS  Shipping"), a
subsidiary of AS Tallinna Sadam, has, by mutual agreement, recalled Damir Utorov
from the Management Board, effective from 30.11.2025.

Damir joined TS Shipping in May 2013 and has been responsible for chartering and
the  execution of  project-based works  of the  icebreaker Botnica. Since 6 July
2023, he has served as a member of the Management Board of TS Shipping.

The Supervisory Board of TS Shipping thanks Damir Utorov for his contribution to
the   chartering   of   the   multifunctional  icebreaker  Botnica  for  various
projects. Damir's experience has brought the company many international contacts
and ensured good partnerships with clients.

The  TS Shipping Supervisory Board is recruiting  a new member of the Management
Board.

The  Management Board of TS Shipping consists of two members, including Chairman
of the Management Board Vahur Ausmees.

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.