Announcement View
Company AS TALLINNA SADAM
Type Company Release
Category Other corporate action
Publicize date 27 Jun 2024 18:25:00 +0300
Languages
Kell English
Currency
Title Extension of the powers of a member of the Management Board of OÜ TS Shipping – a subsidiary of AS Tallinna Sadam
Content
The  supervisory  board  of  AS  Tallinna  Sadam's  subsidiary  OÜ  TS  Shipping
(hereinafter:  "TS Shipping") extended powers of Damir Utorov as a member of the
Management Board for three years starting from 06.07.2024.

Damir joined TS Shipping in May 2013 as the head of chartering department. Damir
became member of the Management Board of TS Shipping in July 2023.

Damir  has obtained maritime  and ship management  professional education at the
St.  Petersburg`s State Maritime Academy in 2006. He  has worked as a chief mate
in international shipping companies, participating in several offshore projects.

Damir Utorov is holding no shares of Tallinna Sadam.

Valdo  Kalm, the chairman of the  supervisory board of TS Shipping, acknowledges
Damir  Utorov for  his contribution  to the  year-round chartering of the multi-
functional  icebreaker Botnica. "Under  Damir's leadership, Botnica's successful
work  in various projects and high utilization rate have been ensured, which has
contributed  positively  to  the  company's  financial  results. Development and
success  of TS Shipping in  future offshore projects will  be the main challenge
also for the upcoming period."

The  management  board  of  TS  Shipping  has  two members. In addition to Damir
Utorov, Vahur Ausmees, the chairman of the management board, is on the board.

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: angelika.annus@ts.ee (mailto:angelika.annus@ts.ee)