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NOTICE OF INTENTION TO MAKE A VOLUNTARY TAKEOVER OFFER TO ACQUIRE THE SHARES OF AKTSIASELTS TALLINK GRUPP

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AS  INFORTAR  (a  company  registered  in  Estonia with registry code 10139414,
"Infortar"  or "Offeror") announces  its intention to  make a voluntary takeover
offer  to all shareholders  of Aktsiaselts Tallink  Grupp ("Tallink") to acquire
all shares of Tallink not held by the Offeror ("Offer").

After  the  Offer,  the  Offeror  does  not  intend to apply for takeover of the
remaining  shares either according to § 182(1) of the Estonian Securities Market
Act  or provisions  of chapter  29(1) of the  Estonian Commercial Code. With the
Offer  the Offeror wishes to  increase its shareholding in  Tallink and to offer
the  investors of Tallink an opportunity to  exit their investment in extent and
on conditions not available on the stock exchange. As of the date of this notice
the  Offeror does not intend to initiate proceedings for terminating the listing
of  Tallink shares  at Nasdaq  Tallinn Stock  Exchange or  Nasdaq Helsinki Stock
Exchange (with respect to depository receipts).

The  Offer takes  place as  a voluntary  takeover offer  and the  Offeror is not
obliged  to conduct the Offer under § 166 of the Estonian Securities Market Act.
The  Offeror makes the Offer with the price of 0.55 euros per one Tallink share.
Upon determining the offer price, the average market price of Tallink shares for
the  last three years (ca 0.61 euros) has been taken into account from which the
dividend  payable to all  shareholders of Tallink  on 3 July 2024 in  the sum of
0.06 euros per share has been deducted.

A  voluntary takeover offer means that the  offeror must not determine the offer
price  based on  the criteria  for determining  the just  price specified in the
takeover offer rules. Furthermore, this also means that the shareholders are not
obligated  to  participate  in  the  Offer.  All  shareholders may freely choose
whether to accept the Offer or not. Infortar treats all shareholders equally and
the Offer is made with respect to all shares of Tallink not yet belonging to the
Offeror.

Chairman of the Management Board of Infortar Ain Hanschmidt:

?Estonian  economy has been  declining for nine  consecutive quarters, country's
credit  rating has been lowered and the geopolitical risk is still high. In case
Tallink  has any shareholders  who doubt in  the economic outlook  of our region
then  this offer brings liquidity to the market and provides them an opportunity
to  consider an exit. Infortar believes in  the financial and market position of
Tallink  and plans to keep it a public listed company, however, it must be taken
into  account  that  for  larger  international  investors  the liquidity of the
company's  stock and  market depth  is limited  - the  average daily turnover of
Tallink shares for the last year is about 175,000 euros"

The  terms of the Offer  and its acceptance shall  be determined in the takeover
prospectus  ("Prospectus") and Offer  notice to be  published by the Offeror. In
accordance  with applicable law the Offeror  shall submit the Prospectus and the
Offer  notice  to  the  Estonian  Financial Supervision and Resolution Authority
("EFSA")  for approval. The Prospectus and Offer  notice shall be published at a
date  determined by EFSA  after their approval,  however, the Offeror intends to
start  the Offer in the beginning of July 2024 and the Offer is intended to last
for 35 days.

This  notice does  not constitute,  or form  part of,  any offer,  invitation or
solicitation   by   any  party  to  sell  or  purchase  any  securities  in  any
jurisdiction.

The  Offer shall be made in accordance with  the laws of the Republic of Estonia
and  will not  be subject  to any  review or  approval by any foreign regulatory
authority.  The Offer  will not  be made  to persons  whose participation in the
Offer  requires  an  additional  offer  document  to be prepared, a registration
effected or that any other measures would be taken in addition to those required
under  the laws of  the Republic of  Estonia. In the  event of any inconsistency
between  the contents of the  Prospectus and any other  document or release, the
provisions of the Prospectus in the Estonian language shall prevail.

This  notice is not for  release or distribution, directly  or indirectly, in or
into  any  jurisdiction  where  to  do  so  would  be  unlawful or to persons or
jurisdictions  who  are  subject  to  financial  sanctions  imposed by competent
authorities.  Persons  receiving  this  document  or any other related documents
(including  custodians, nominees  and trustees)  must observe these restrictions
and  must  not  send  or  distribute  this  document  in  or  into  the relevant
jurisdictions or to relevant persons.

Neither  this document nor any other information supplied in connection with the
Offer should be considered as a recommendation by either Offeror or by any other
person  to  any  recipient  of  this  document  (including any other information
supplied  in connection with the Offer) to  sell any Tallink shares. Each person
who   contemplates   selling   any   shares  should  make  its  own  independent
investigation  of  the  financial  condition  and  affairs  of  Tallink  and its
subsidiaries, and its own appraisal of the Offer.

Unless  otherwise specified  in this  notice, all  information contained in this
notice is presented as at the date of this notice.


Infortar operates in six countries, the company's main fields of activity are
energy, maritime transport, and real estate. Infortar owns a 46,8% stake in AS
Tallink Grupp, a 100% stake in AS Eesti Gaas and a versatile and modern real
estate portfolio of approx. 113,000 m2. In addition to the three main areas of
activity, Infortar also operates in construction and mineral resources,
agriculture, printing, taxi business and many other areas. A total of 102
companies belong to the Infortar group: 47 subsidiaries, 5 affiliated companies
and 50 subsidiaries of affiliated companies. Excluding affiliates, Infortar
employs 1,318 people.

Additional information:
Kadri Laanvee
Investor Relations Manager
e-mail: kadri.laanvee@infortar.ee
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phone: +372 5156662
https://infortar.ee/en/investor
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