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Shipbuilding contract between Tallink Grupp and Rauma Marine Constructions

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AS  Tallink Grupp and Rauma Marine  Constructions (RMC) have signed the contract
for  the construction of a new LNG-powered fast ferry for the Tallinn - Helsinki
route shuttle operations, which enters into force today.

Similarly to the group's newest vessel Megastar, the new shuttle ferry will also
be  dual fuel operated, its overall  length will be approximately 212 metres and
with  a passenger  capacity of  2,800. The vessel  will cost  approximately 250
million  euros and it will be built  at the Rauma shipyard in Finland, providing
approximately  1,500 man-years of employment  for the shipyard.  The delivery of
the vessel is expected in January 2022.

The  new vessel is another step for Tallink Grupp towards achieving even greater
energy  efficiency  and  eco-friendliness  for  its shipping operations. The new
shuttle  ferry, with a gross tonnage of approximately 50,000 and a service speed
of 27 knots, will use LNG as main fuel and meet all the current and future known
emission regulations.

According  to the contract, 30 percent of the total cost will be paid during the
construction  period and the rest  after the delivery of  the vessel. AS Tallink
Grupp  plans to  finance 70 percent  of the  new ship  cost in 2022 by long-term
loan, the loan terms will be concluded in the near future.

Commenting on the contract, Paavo Nõgene, the CEO of Tallink Grupp, said:

"The  construction of Megastar and bringing this next generation vessel onto the
Baltic  Sea, has transformed  our shuttle service  between Tallinn and Helsinki.
The  vessel has  been extremely  well received  by our  customers, with  over 4
million  passengers already having  travelled on the  vessel. In addition to the
increased  passenger  comfort,  just  as  importantly,  Megastar  has  taken our
operations  also  to  the  next  level  in  terms  of  environmentally  friendly
operations and increased efficiency.

It  was therefore  only logical  that a  similar vessel  should be built for the
route  sooner or later to enhance our  operations on this important route for us
even  further. We are pleased to have signed the construction contract with RMC,
thus supporting also our regional economies due to the construction taking place
in Rauma, and we look forward to starting the shipbuilding process."

Commenting on the contract, Jyrki Heinimaa, the CEO of RMC, said:

"We  are very proud that Tallink trusted  us in giving this important project to
RMC  for successful design  and manufacturing their  newest shuttle ferry, which
takes  some benefits  from the  existing fleet,  but exceeds them in performance
thanks  to the  integration of  the newest  technology applications, for example
concerning  power demand. In RMC's path to global technology leadership in ferry
building,  this project is a great milestone and brings us on an even level with
the market leaders.

"The  project  itself  is  extremely  awaited  in  Rauma,  since it allows us to
continue  our amicable co-operation with our  colleagues at Tallink, of which we
have  had great experiences already since  the beginning of the millennium, when
M/S  Romantika was under construction in Rauma as the first newbuilding ferry of
Tallink Grupp."

AS  Tallink Grupp  is one  of the  leading providers  of passenger transport and
cargo  transport services  in the  northern part  of the  Baltic Sea region. The
company owns 14 vessels and operates seven ferry routes under the brand names of
Tallink  and Silja Line. AS Tallink  Grupp employs over 7,400 people in Estonia,
Finland,  Sweden, Latvia,  Russia and  Germany. In  2018, Tallink Grupp provided
services to 9.8 million travellers and transported approximately 385,000 freight
units  of goods. The  shares of Tallink  Grupp are listed  on the Nasdaq Tallinn
Stock Exchange and Nasdaq Helsinki Stock Exchange.


Veiko Haavapuu
Financial Director

AS Tallink Grupp
Sadama 5/7, 10111 Tallinn, Estonia
E-mail [email protected]