Market announcement

Title

AS Tallinna Sadam operational volumes for 2021 Q1

Message

In  2021 Q1,  5.3 million  tonnes  of  cargo  and 373 thousand passengers passed
through  the harbours of Tallinna Sadam. Compared to the same period of previous
year,  the cargo volume increased by  10% and the number of passengers decreased
by  76%. The number  of vessel  calls grew  by 6% to  1678 calls. The  number of
passengers  travelling  between  the  Estonian  mainland  and  the  main islands
decreased  by 11%, but the number of vehicles  increased by 2% and the number of
charter  days  of  the  icebreaker  Botnica  stayed  at the same level as in the
previous, utility rate of the vessel was 100%.

According  to Valdo Kalm, chairman of the management board of Tallinna Sadam, we
can  be pleased as the total cargo volume showed strong growth, which was mainly
supported  by  dry  bulk  and  ro-ro  cargo.  "The growth of dry bulk was mainly
brought  about by the handling of fertilizers  and the launch of new projects of
the terminals handling other dry bulk cargo. The volume of ro-ro cargo increased
due to the increase in the number and frequency of liner vessel calls, primarily
on the Muuga-Vuosaari route and due to the growth in demand of road transport."

The volume of liquid bulk as the largest cargo type decreased slightly. "A large
part  of liquid cargo passes through Russia's own ports, and for the rest we are
in  close competition with many other ports," said Kalm. The volume of container
cargo in tonnes decreased slightly, but at the same time the number of container
units  affecting the financial result increased, as temporary disruptions in the
global  container flow  caused by  the pandemic  dissipated and empty containers
reached Muuga harbour.

The  decline in passenger numbers was  due to continued restrictions on movement
related  to the  COVID-19 pandemic and  a reduction  in people's  confidence and
travel  due to the instable situation. "In the first 2.5 months of last year, we
had  a normal  situation in  passenger service,  we can  see a comparison of the
coronavirus era from the second quarter," said Kalm.

The operational volumes of Tallinna Sadam group for 2021 Q1:

                                                Q1 2021 Q1 2020 Change Change %

 Cargo volume by type of cargo
 (th tonnes)                                      5 275   4 815    461     9,6%

 Liquid bulk                                      2 068   2 161    -94    -4,3%

 Ro-ro                                            1 542   1 333    209    15,7%

 Dry bulk                                         1 102     767    335    43,6%

 Containers                                         442     457    -14    -3,2%

 in TEUs                                         52 106  50 509  1 597     3,2%

 General cargo                                      122      97     25    25,7%

 Non-marine                                           0       0      0   100,0%





 Number of passengers by routes (th)                373   1 552 -1 179   -76,0%

 Tallinn-Helsinki                                   334   1 394 -1 061   -76,1%

 Tallinn-Stockholm                                    0     136   -136  -100,0%

 Muuga-Vuosaari                                      30      15     15    97,9%

 Tallinn-St.Petersburg                                0       0      0        -

 Cruise (traditional)                                 0       0      0        -

 Other                                               10       7      3    42,1%





 Number of vessel calls by vessel type            1 678   1 585     93     5,9%

 Cargo vessels                                      359     377    -18    -4,8%

 Passenger vessels (incl. Ro-Pax)                 1 319   1 208    111     9,2%

 Cruise vessels (traditional)                         0       0      0        -



 Ferries*

 (Saaremaa and Hiiumaa lines)

 Passengers (th)                                    269     303    -34   -11,4%

 Vehicles (th)                                      158     155      4     2,3%



 Icebreaker Botnica

 Charter days                                        90      91     -1    -1,1%

 Utility rate (%)                                  100%    100%      0        -

*Ferry  traffic volumes  show the  general demand  for the  service, but  do not
directly  affect the financial results of the ferry segment, as the fee is fixed
in  the service  contract regardless  of the  number of  passengers and vehicles
served.

More  detailed statistics  of passengers  by nationality,  gender and  routes on
monthly   basis,   can   be   viewed   on   the   Tallinna   Sadam   web   page:
https://www.ts.ee/en/statistics/.  We now also publish  quarterly key figures in
xlsx format: https://www.ts.ee/en/investor/key-figures/
Detailed  statistics  on  the  number  of  passengers  and vehicles on passenger
ferries: https://www.praamid.ee/wp/statistics/

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. The  group's sales in 2020
totalled  EUR  107.4 million,  adjusted  EBITDA  EUR 58.4 million and profit EUR
28.5 million.

Additional information:

Marju Zirel
Head of Investor Relations
Tel. +372 5342 6591

[email protected] (mailto:[email protected])