Market announcement

Title

Resolutions of the Annual General Meeting of AS Tallinna Sadam

Message

On 12.04.2021, the management board of AS Tallinna Sadam (hereinafter: Tallinna
Sadam) proposed to the shareholders to adopt the resolutions of the general
meeting of shareholders stated below without convening the meeting.

The  notice of  the annual  general meeting  was published  on 12.04.2021 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 vote was fixed on 17.05.2021 at the end of
the  business day of the Nasdaq CSD  settlement system and the electronic voting
period was 18.-24.05.2021.

The  resolutions  of  the  general  meeting  of  shareholders  were voted by 80
shareholders,  whose shares represented 207,177,398 votes or 78.77% of the total
share  capital.  If  a  shareholder  abstained,  he/she was deemed to have voted
against.

On  24.05.2021, the annual  general meeting  of the  shareholders of AS Tallinna
Sadam resolved:

1.    Approval of the Annual Report 2020
1.1.  To  approve the Annual  Report 2020 of AS  Tallinna Sadam, as presented to
the general meeting.

The  shareholders  voted  in  favor  of  the  resolution by 207,177,398 votes or
78.77% of the votes.

2.    Profit allocation
2.1.  To  approve the net profit of the  financial year of 2020 in the amount of
28,518,457 euros   and   the   retained   earnings  (including  2020 profit)  of
47,794,087 euros.
2.2.  Transfer to statutory capital reserve 1,008,654 euros.
2.3.  To  pay dividends to the shareholders  0.077 euros per share, in the total
amount of 20,251,000 euros.

The  shareholders  voted  in  favor  of  the  resolution by 207,177,398 votes or
78.77% of the votes.

The list of shareholders entitled to receive dividends will be established as at
03.06.2021 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 02.06.2021. From that day  the person acquiring the shares will
not  have the right to receive  dividends for the financial year 2020. Dividends
shall be disbursed to the shareholders on 10.06.2021.

3.    Appointment of the auditor
3.1.  To appoint the company of auditors KPMG Baltics OÜ to conduct the audit of
AS  Tallinna Sadam for  the financial years  2021 and 2022 and to remunerate the
company of auditors in accordance with the offer made by the company of auditors
in the public procurement carried out in 2018 (public procurement 196191).

The  shareholders  voted  in  favor  of  the  resolution by 205,380,465 votes or
78.09% of the votes.

The  voting record of the  general meeting has been  published on the website of
Tallinna Sadam https://www.ts.ee/en/investor/agm/.

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.

Marju Zirel
Head of Investor Relations
Tel. +372 53 42 6591
[email protected] (mailto:[email protected])