Market announcement

AS TALLINNA SADAM

Category

Other corporate action

Date

13.08.2024 15:00:00

Title

Kohus lõpetas MPG AgroProduction OÜ saneerimismenetluse

Message

28.11.2023 esitas  AS Tallinna  Sadam (edaspidi  ?Tallinna Sadam")  avalduse MPG
AgroProduction  OÜ  (edaspidi  ?MPG")  pankroti  väljakuulutamiseks. 19.01.2024
esitas võlgnik enda saneerimisavalduse. 12.08.2024 lõpetati Riigikohtu määrusega
MPG saneerimismenetlus. Seoses MPG saneerimismenetluse lõpetamisega jätkub Harju
Maakohtus MPG vastu esitatud pankrotiavalduse läbivaatamine.

Pankrotmenetlus    algatati    28.11.2023 Tallinna    Sadama    poolt   esitatud
pankrotiavalduse  alusel,  kuna  MPG  ei  ole  pikemat  aega täitnud lepingulisi
kohustusi.  Tallinna  Sadama  nõuete  summa  kokku  on 3,5 miljonit eurot ja see
koosneb  peamiselt hoonestusõiguse tasu võlgnevusest, millest 3,3 miljonit eurot
on   juuli   lõpu   seisuga   alla   hinnatud.  Lisaks  taotleb  Tallinna  Sadam
hoonestusõiguse enda nimele kandmist.

Põhjalikum  selgitus  pankrotimenetluse  algatamise  kohta  on  Tallinna  Sadama
13.12.2023 avaldatud                                                 börsiteates
(https://view.news.eu.nasdaq.com/view?id=b61a17ca18cc95addaa018e546ac60116&lang=
et&src=listed).

Tallinna  Sadamale  kuulub  üks  Läänemere  suurimaid  kauba-  ja  reisisadamate
komplekse.  Lisaks  reisijate  ja  kaubavedude  teenindamisele tegutseb ettevõte
laevanduse  ärivaldkonnas  läbi  oma  tütarettevõtete  -  OÜ TS Laevad korraldab
parvlaevaühendust  Eesti mandri ja  suursaarte vahel ning  OÜ TS Shipping osutab
multifunktsionaalse jäämurdjaga Botnica jäämurde ja konstruktsioonilaeva teenust
Eestis   ja   offshore   projektides.   Tallinna   Sadama   gruppi   kuulub   ka
jäätmekäitlusega tegelev sidusettevõte AS Green Marine.

Lisainfo:

Angelika Annus
Investorsuhete juht
Tel. +372 5649 6230
E-post: angelika.annus@ts.ee (mailto:angelika.annus@ts.ee)

Title

The court terminated reorganization proceedings for MPG AgroProduction OÜ

Message

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, the
reorganization  proceedings of MPG were terminated by the Supreme Court's order.
In  connection  with  the  termination  of MPG's reorganization proceedings, the
bankruptcy proceedings of MPG continue in Harju District Court.

Bankruptcy   proceedings   were  initiated  on  28 November  2023 based  on  the
application   submitted  by  Tallinna  Sadam,  as  MPG  has  not  fulfilled  its
contractual  obligations for a long time. The total amount of the claims is 3.5
million  euros and it  mainly consists of  the outstanding debt  of the building
title  fee, of which 3.3 million euros has already been discounted as at the end
of  July. In  addition, Tallinn  Sadam is  requesting the  building title  to be
registered in its own name.

More  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).

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