Market announcement

Title

Resolutions of the Annual General Meeting of AS Tallinna Sadam

Message

The annual general meeting of AS Tallinna Sadam (hereinafter: Tallinna Sadam)
was held on 25 April 2023 at 14.00 in the cruise terminal at Old City Harbour
(Logi street 4/2, Tallinn).

The  notice on calling the annual general meeting was published on 4 April 2023
in   the   stock   exchange   information  system,  on  Tallinna  Sadam  website
https://www.ts.ee/en/investor/agm/ and in the daily newspaper "Eesti Päevaleht".
The  list of shareholders entitled to  participate at the annual general meeting
was  fixed as of 18 April 2023 at the end  of the business day of the Nasdaq CSD
settlement system.

A  total of  71 shareholders participated  and were  represented at the meeting,
with  their corresponding shares representing a total of 192,191,464 votes. This
means  73,08% of the votes determined by shares were represented at the meeting.
Shareholders  who  voted  before  the  general  meeting  are  considered  to  be
participating  in the general  meeting, and the  votes represented by the shares
owned by the shareholder are included in the quorum of the general meeting.

The annual general meeting of the shareholders of AS Tallinna Sadam resolved:

1. Approval of the Annual Report 2022

With  192,144,332, i.e.  99.98% votes  in  favour,  to approve the Annual Report
2022 of AS Tallinna Sadam, as presented to the general meeting.

2. Profit allocation
With   192,094,119, i.e.   99.95% votes   in   favour,  to  approve  the  profit
distribution proposal of 2022 of AS Tallinna Sadam as follows:

2.1.    To approve the net profit of the financial year of 2022 in the amount of
25,591,833 euros   and   the   retained   earnings  (including  2022 profit)  of
51,383,040 euros.
2.2.    Transfer to statutory capital reserve 742,837 euros.
2.3.    To pay dividends to the shareholders 0.073 euros per share, in the total
amount of 19,199,000 euros.

The list of shareholders entitled to receive dividends will be established as at
10.05.2023 at   the   end   of  the  business  day  of  the  settlement  system.
Consequently, the day of change of the rights related to the shares (ex-dividend
date)  is set to 09.05.2023. From that day  the person acquiring the shares will
not  have the right to receive  dividends for the financial year 2022. Dividends
shall be disbursed to the shareholders on 12.05.2023.

3. Appointment of the auditor
With  192,132,031, i.e.  99.97% votes  in  favour,  to  appoint  the  company of
auditors AS PricewaterhouseCoopers (registry code 10142876) to conduct the audit
of AS Tallinna Sadam for the financial years 2023 and 2024 and to remunerate the
company of auditors in accordance with the offer made by the company of auditors
in the public procurement (public procurement 258237).

According  to the terms of  the procurement, AS Tallinna  Sadam has the right to
extend the procurement contract for the audit of the financial year 2025.

4. Amendment of the Articles of Association
With  192,065,193, i.e.  99.93% votes  in  favour,  to  approve  the Articles of
Association of AS Tallinna Sadam as presented to the general meeting.

The  materials of the general  meeting are available at  Tallinna Sadam web page
https://www.ts.ee/en/investor/agm/  to  which  we  will  add  the minutes of the
general  meeting no  later than  May 2 and  the video  recording in Estonian and
English by May 8.

Tallinna  Sadam is one of the largest cargo- and passenger port complexes in the
Baltic  Sea region, which  serves annually 10 million  passengers and 20 million
tons  of  cargo  in  average.  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  construction  services  in  Estonia and offshore projects
abroad.  Tallinna Sadam  group is  also a  shareholder of  an associate AS Green
Marine, which provides waste management services.

Additional information:

Marju Zirel
Head of Investor Relations
Tel. +372 5342 6591
[email protected] (mailto:[email protected])