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Notification of voluntary takeover offer regarding the shares of AS Tallink Grupp

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Today, on 2 July 2024, a shareholder of AS Tallink Grupp, AKTSIASELTS INFORTAR
(registry code: 10139414, "Offeror"), has notified of making a voluntary
takeover offer to acquire all shares of AS Tallink Grupp not yet belonging to
the Offeror with a price of EUR 0.55 per share. Below we publish the Offeror's
notice regarding the voluntary takeover offer together with the prospect annexed
to it.

_________________________________________________________________________________

NOTICE  OF VOLUNTARY  TAKEOVER OFFER  TO ACQUIRE  SHARES OF  AKTSIASELTS TALLINK
GRUPP

 1. Takeover offer and Offeror

AS  Infortar  (company  registered  in  Estonia  with registry code 10139414 and
registered   address   Liivalaia   9, 10118, Tallinn,   Estonia,  "Offeror")  in
accordance  with the  Securities Market  Act ("SMA")  and other applicable legal
acts  hereby makes a voluntary takeover offer to all shareholders of Aktsiaselts
Tallink Grupp ("Tallink") for acquiring all shares of Tallink ("Shares") not yet
belonging to the Offeror ("Offering"). The Offering is made based on this notice
of  offer ("Notice of  Offer") and the  prospectus attached to it ("Prospectus",
together with the Notice of Offer, "Offer Documents").

The  purpose of the Offering  is to increase the  shareholding of the Offeror in
Tallink  and  offer  to  Tallink  shareholders,  in  addition  to stock exchange
transactions,  an additional means of exiting  the investment, given that due to
the  low  liquidity  of  Nasdaq  Tallinn  Stock Exchange, larger shareholders of
Tallink  may not have a suitable opportunity  to exit their investment on market
terms.  Following the  Offering, the  Offeror does  not intend  to apply for the
takeover  of the  remaining Shares  either according  to §  182(1) of the SMA or
provisions  of chapter 29(1) of the Estonian Commercial Code. Furthermore, as of
the  date of  publishing this  Notice of  Offer, the  Offeror does not intend to
initiate proceedings for terminating the listing of Tallink Shares at the Nasdaq
Tallinn  Stock Exchange nor does the  Offeror intend to initiate proceedings for
terminating the trading with Tallink Shares at Nasdaq Helsinki Stock Exchange in
the form of depositary receipts.

 1. Target Company

The  target  company  of  the  Offering  is Aktsiaselts Tallink Grupp, a company
registered  in Estonia with registry code 10238429 and registered address Sadama
5, 10111, Tallinn, Estonia.

 1. Shares being the object of the Offering

The  object of the  Offering are registered  ordinary shares of Tallink ?TALLINK
GRUPP  AKTSIA",  ISIN  code:  EE3100004466  without  nominal value, with a total
number  of securities being  743,569,064 shares (Shares). All  Shares are freely
transferrable  and  listed  at  the  Baltic  Main  List  of Nasdaq Tallinn Stock
Exchange  (ticker symbol TAL1T) and in the form of depositary receipts at Nasdaq
Helsinki   Stock  Exchange  (ticker  symbol  TALLINK).   Each  Share  gives  the
shareholder  the right to participate in  the general meeting of shareholders of
Tallink,  distribution  of  profit  and  liquidation  assets upon liquidation of
Tallink as well as other rights specified in applicable regulations and articles
of  association of  Tallink. Each  Share gives  the shareholder  one vote at the
general meeting of shareholders of Tallink.

 1. Shares belonging to the Offeror

The  Offeror owns 347,696,887 Shares  that amounts to  46.76% of all Shares. The
Offeror  is acting independently and there are no persons acting in concert with
the Offeror (within the meaning of § 168 of the SMA)

 1. Number of Shares being acquired and purchase price

In  the context of the Offering, the Offeror wishes to acquire, and the Offering
is  made to acquire in total up  to 395,872,177 Shares. Thus, all Shares not yet
belonging  to the Offeror are the object  of the Offering. Such Shares amount to
53.24% of all the Shares. The Offering is made at a price of EUR 0.55 per Share.
The  minimum  number  of  Shares  is  not  determined, and the Offeror wishes to
acquire all Shares that are offered for sale to the Offeror.

 1. Procedure for settlement

Shares  sold to  the Offeror  during the  Offering shall  be transferred  to the
Offeror  on or  about 9 August 2024 ("Settlement  Day") simultaneously  with the
transferal  of the purchase price equivalent to the amount of sold Shares to the
bank account of Tallink shareholders' participating in the Offering.

 1. Offering period

The  deadline of the Offering is at 16:00 on 5 August 2024. Tallink shareholders
that  wish  to  offer  Shares  to  the  Offeror  during  the Offering, can do so
according  to  the  procedure  specified  in  the  Prospectus  from  the date of
publication  of this Notice of Offering i.e. from 10:00 on 2 July 2024 until the
deadline of the Offering at 16:00 on 5 August 2024.

The  Offeror  shall  publish  the  results  of  the  Offering  according  to the
applicable legislation after the end of the Offering period on or about 7 August
2024.

 1. Approval of the Estonian Financial Supervision and Resolution Authority

The  Offer Documents were submitted to  the Financial Supervision and Resolution
Authority for approval on 17 June 2024. The Financial Supervision and Resolution
Authority approved the Offer Documents on 1 July 2024.

 1. Places of publication and distribution of Offer Documents

The Prospectus is electronically published at:

  * Nasdaq Tallinn Stock Exchange website (www.nasdaqbaltic.com/
    (http://www.nasdaqbaltic.com/));
  * Nasdaq Helsinki Stock Exchange website
    (https://www.nasdaqomxnordic.com/news/marketnotices/helsinki);
  * Financial Supervision and Resolution Authority website (www.fi.ee); and
  * Tallink website (https://www.tallink.com/investors/for-investors); and
  * Infortar website (https://infortar.ee/en/investor).

The Notice of Offer is electronically published at:

  * Nasdaq Tallinn Stock Exchange website (www.nasdaqbaltic.com/
    (http://www.nasdaqbaltic.com/));
  * Nasdaq Helsinki Stock Exchange website
    (https://www.nasdaqomxnordic.com/news/marketnotices/helsinki);
  * Tallink website (https://www.tallink.com/investors/for-investors); and
  * Infortar website (https://infortar.ee/en/investor).

The Notice of Offer is published at Estonian newspaper Postimees on 3 July 2024.

Anyone  wishing to obtain  the hard copy  of the Prospectus  and Notice of Offer
should  inform the Offeror vie e-mail at [email protected], phone: +372 6409978,
or mail: Liivalaia 9, 10118, Tallinn, Estonia.

 1. Important information

The  Offering  is  being  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  Offering  is  not  being  made  to  persons  whose
participation  in  the  Offering  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 of Offer 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 or any other related documents in
or into the relevant jurisdictions or to relevant persons.

Neither  this Notice of  Offer nor any  other information supplied in connection
with  the Offering should be considered as a recommendation by either Offeror or
by  any other  person to  any recipient  of this  Notice of Offer (including any
other  information supplied in connection with the Offering) 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, the Offerors plans after takeover of Tallink Shares in case of
different scenarios and give its own appraisal to the Offering.

Unless  otherwise specified in the Offer Documents, all information contained in
this  Notice of Offer is presented as of  the Date of the Prospectus, i.e. as of
17 June 2024.

Annex - Offering Prospectus
_________________________________________________________________________________

Anneli Simm
Investor relations manager

AS Tallink Grupp
Sadama 5
10111 Tallinn
E-mail [email protected]