Market announcement

AS TALLINNA SADAM

LEI code

25490093MDYISEP1Y539

Size of the entity

Large group

Economic activities

Electricity, Gas, Steam and Air Conditioning Supply, Transportation and Storage

Country of registered office

Estonia

General information

Categories

Other corporate action

Unique data record identifier

8290

Submission date and time

07.10.2020 09:27:11

Content of announcement in Estonian

Title

Kompromiss ASiga ESTEVE kohtuvaidluste lõpetamiseks

Message

Harju Maakohtu määrustega kinnitati kahe ASi ESTEVE (edaspidi: ESTEVE) ja ASi
Tallinna Sadam (edaspidi: Tallinna Sadam) vahelise kohtuvaidluse osas
kompromiss, mille tulemusel lõpetatakse mõlemad pooleli olnud kohtuvaidlused ja
ESTEVE loobub nõuetest Tallinna Sadama vastu. Vaidlused olid seotud ESTEVE poolt
Vanasadamas ja Paldiski Lõunasadamas osutatud sildumisteenuste lepingute
ennetähtaegse ülesütlemisega Tallinna Sadama poolt. Vaidluste sisu on täpsemalt
kirjeldatud Tallinna Sadama 17.01.2020 avaldatud börsiteates
(https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=918288&me
ssageId=1157182).

Kompromiss   puudutab   ESTEVE   poolt   Harju   Maakohtule  26.08.2016 esitatud
hagiavaldust   Paldiski   Lõunasadama   sildumisteenuste   lepingute  kehtivuste
tuvastamise  nõudes ning 19.12.2019 esitatud hagiavaldust Vanasadama ja Paldiski
Lõunasadama  sildumisteenuste  lepingute  väidetavalt  alusetust ennetähtaegsest
lõpetamisest  tekkinud saamata  jäänud tulu  hüvitamiseks kokku  summas 379 768
eurot pluss viivised.

Vanasadama   sildumisteenustega   seotud  vaidlus  lõppes  07.09.2020 Riigikohtu
tsiviilkolleegiumi  otsusega jätta  kassatsioonikaebus ESTEVE  poolt 29.08.2016
esitatud  Vanasadama  sildumisteenuste  lepingute  kehtivuste tuvastamise nõudes
menetlusse    võtmata.    Vaidluse    lõpetamise   kohta   avaldati   börsiteade
(https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=954952&me
ssageId=1203225) 11.09.2020.

Tallinna  Sadam on ESTEVE hagidega  seotud võimaliku hüvitisnõude katteks alates
2017. aastast moodustanud kulureservi, mis Vanasadama osas tühistati selle aasta
III kvartalis ja Paldiski Lõunasadama osas tühistatakse IV kvartalis.

Tallinna  Sadamale  kuulub  üks  Läänemere  suurimaid  kauba-  ja  reisisadamate
komplekse,  mida läbis  2019. a 10,64 miljonit  reisijat ja  19,9 miljonit tonni
kaupa.   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.  Kontserni  2019. a
müügitulu  oli  130,5 miljonit  eurot,  korrigeeritud EBITDA 74,3 miljonit eurot
ning puhaskasum 44,4 miljonit eurot.

Lisainfo:

Marju Zirel

Investorsuhete juht

Tel. +372 53 42 6591

E-post: [email protected] (mailto:[email protected])

Content of announcement in English

Title

Compromise with AS ESTEVE to end litigations

Message

Harju County Court approved a compromise on two legal disputes between AS ESTEVE
(hereinafter: ESTEVE) and AS Tallinna Sadam (hereinafter: Tallinna Sadam), as a
result of which both pending legal disputes are terminated and ESTEVE waives
claims against Tallinna Sadam. The disputes were related to the early
termination by Tallinna Sadam of the mooring service agreements provided by
ESTEVE in the Old City Harbour and Paldiski South Harbor. The content of the
disputes is described in more detail in the stock exchange announcement
(https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=918288&me
ssageId=1157183) published by Tallinna Sadam on 17.01.2020.

The  compromise concerns  the claim  filed by  ESTEVE to  Harju County  Court on
26.08.2016 for  establishing  the  validity  of  Paldiski  South  Harbor mooring
service contract; and the claim filed on 19.12.2019 for compensation of the loss
of  revenue due  to the  alleged unjustified  early termination  of the Old City
Harbour  and Paldiski South Harbour mooring  services contracts in the amount of
EUR 379,768 plus accrued interest.

The  dispute  related  to  the  Old  City  Harbour  mooring  services  ended  on
07.09.2020 with  the decision of the  Civil Chamber of the  Supreme Court not to
accept  the cassation appeal in  the claim for establishment  of the validity of
the  Old  City  Harbour  mooring  services  agreements  submitted  by  ESTEVE on
29.08.2016. A              stock              exchange              announcement
(https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=954952&me
ssageId=1203226)  regarding  the  termination  of  the  dispute was published on
11.09.2020.

Since  2017, Tallinna  Sadam  has  formed  a  reserve  to cover a possible claim
related  to ESTEVE's claims, which was canceled  in Q3 2020 for the share of the
Old City Harbour litigation and in Q4 2020 for the Paldiski South Harbor.

Tallinna  Sadam is one of the largest cargo- and passenger port complexes in the
Baltic  Sea region,  which in  2019 serviced 10.64 million  passengers and 19.9
million  tons of cargo. 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.  According  to  audited  financial
results,  Tallinna  Sadam  group's  sales  in  2019 totaled  EUR  130.5 million,
adjusted EBITDA EUR 74.3 million and net profit EUR 44.4 million.

Additional information:

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