MPG AgroProduction OÜ returns the property to Tallinna Sadam

On  28 November 2023, AS  Tallinna Sadam  (hereinafter referred  to as "Tallinna
Sadam")  submitted  an  application  to  initiate  bankruptcy proceedings of MPG
AgroProduction  OÜ (hereinafter referred  to as "MPG").  On 19 January 2024, the
debtor   submitted   its   reorganization   application.   On  12 August  2024,
reorganization  proceedings of MPG were terminated  by the Supreme Court's order
and on 15 October 2024 the bankruptcy of MPG was declared. On 14 November 2024,
MPG filed an appeal with the Tallinn Circuit Court against the bankruptcy order.
On  9 September 2025, the Tallinn Circuit Court  decided to dismiss MPG's appeal
and  to leave  the resolution  of the  Harju County  Court's order of 15 October
2024 unchanged.

Bankruptcy  proceedings  were  initiated  based  on the application submitted by
Tallinna  Sadam, as MPG had not fulfilled its contractual obligations for a long
period  of time. The  claims of Tallinna  Sadam to MPG  have been discounted and
Tallinna  Sadam requested the  exemption of its  own property from  the right of
superficies.

On 16 December 2025 an agreement for the termination of the right of superficies
was  signed  at  the  notary.  Tallinna  Sadam  reinstated the possession of its
property and can start using it.

More  detailled information  about the  initiation of  bankruptcy proceedings is
provided  in the stock exchange announcement  published by Tallinna Sadam on 13
December                                                                   2023
(https://view.news.eu.nasdaq.com/view?id=b61a17ca18cc95addaa018e546ac60116&lang=
en)                    and                    24 October                   2024
(https://view.news.eu.nasdaq.com/view?id=b772abd1d70b4fd82a62a249540ab0247&lang=
en&src=listed).

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])