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  24 April 2025 at  14.00 in the  atrium of  head office of Tallinna
Sadam (Sadama 25, Tallinn).

The  notice on calling the annual general meeting was published on 3 April 2025
in   the   stock   exchange   information  system,  on  Tallinna  Sadam  website
https://www.ts.ee/en/investor/agm/  and in the  daily newspaper "Postimees". The
list  of shareholders entitled to participate  at the annual general meeting was
fixed  as of  17 April 2025 at  the end  of the  business day  of the Nasdaq CSD
settlement system.

A  total of  79 shareholders participated  and were  represented at the meeting,
with  their corresponding shares representing a total of 200 537 497 votes. This
means  76,25% 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 2024

With  200,520,863  i.e.  99,99% votes  in  favour,  to approve the Annual Report
2024 of AS Tallinna Sadam, as presented to the general meeting.

 1. Profit allocation

With   200,537,445, i.e.   100,00% votes   in  favour,  to  approve  the  profit
distribution  proposal  of  2024 and  dividend  payment  of AS Tallinna Sadam as
follows:

     1. To approve the net profit of the financial year of 2024 in the amount of
        19,152,928 euros and the retained earnings (including 2024 profit) of
        46,831,353 euros.
     2. Transfer to statutory capital reserve 544,210 euros.
     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
9 May   2025 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 8 May 2025. From that  day the person acquiring the shares will
not  have the right to receive  dividends for the financial year 2024. Dividends
shall be disbursed to the shareholders on 16 May 2025.

 1. Appointment of the auditor

With  200,517,412, i.e.  99,99% 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  year 2025 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).

 1. Election of the members of the supervisory board

With 200,444,144, i.e. 99,95% votes in favour,

     1. To appoint Priit Perens, Meelike Paalberg, Anneli Heinsoo, Teele Lepp,
        Marek Helm, Kaur Kajak and Sander Salmu, as members of the supervisory
        board of AS Tallinna Sadam for the term of office from 1 July 2025 to
        30 June 2028.
     2. To appoint Priit Perens as chairman of the supervisory board starting
        from 1 July 2025.
     3. The terms of office of the members of the supervisory board Riho Unt,
        Maarika Honkonen, Risto Mäeots, Ain Tatter and Veiko Sepp will not be
        extended and will expire on 30 June 2025.

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  1 May and  the video  recording in Estonian and
English by 8 May.

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:

Andrus Ait
Chief Financial Officer
Tel. +372 526 0735
[email protected] (mailto:[email protected])