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AS Tallinna Sadam operational volumes for Q3 2020

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In  2020 Q3,  5.3 million  tonnes  of  cargo  and  1.6 million passengers passed
through  the harbours of Tallinna Sadam. Compared to the same period of previous
year,  the cargo volume increased by  24% and the number of passengers decreased
by 55%. The number of vessel calls declined by 7.3% to 2123 calls. The number of
passengers  travelling  between  the  Estonian  mainland  and  the  main islands
decreased  by 4.8%, but the number of  vehicles increased by 3.1% and the number
of  charter days of the icebreaker Botnica remained  at the same level as in the
previous year.

According to Valdo Kalm, Chairman of the Management Board of Tallinna Sadam, the
company's  balanced  business  model  including  four  business areas has proven
itself  particularly  well  in  today's  corona  era.  "Due to the pandemic, our
passenger  business is suffering  significantly, but at  the same time the cargo
volume  has grown  strongly and  shipping business  in the  form of  ferries and
icebreaker Botnica has continued on a stable course," said Kalm.

Cargo  volume increased in the  third quarter mainly due  to liquid cargo, which
was  affected by the export of previously stored goods from terminals at the end
of the contango situation in the oil market (today's current price is lower than
the  expected future price). Due to the efficient start-up of the new terminals,
the volume of dry bulk cargo also increased again, the largest part of which was
the handling of grain, fertilizers and crushed stone. In the first 9 months, the
cargo  volume increased by  8.8%, which was driven  by a strong  increase in the
volume of liquid cargo.

The  decline in passenger numbers was due  to a reduction in people's confidence
and  travel due to the constantly changing movement restrictions and instability
imposed  by the COVID-19 pandemic.  "From September onwards,  there will be only
one departure per week on the Tallinn-Stockholm line, the St. Petersburg line is
still  closed, and we have  had no cruise ship  calls this summer. In the summer
period,  the  number  of  passengers  recovered  somewhat  compared to the sharp
decline  in Q2,  but in  the first  9 months we  still reached  only half of the
volume of the first 9 months of the previous year," said Kalm.

Cargo  volume by type  of cargo in  the third quarter  and 9 months of 2020, the
number  of passengers by route, vessel calls  in the harbours of Tallinna Sadam,
and  the number of charter  days of the icebreaker  Botnica are presented in the
following table:

                                            Q3     Q3
                                          2020   2019  Change 9M 2020 9M 2019  Change

 Cargo volume by type of cargo
 (th tonnes)                             5 301  4 275   24,0%  15 537  14 284    8,8%

 Liquid bulk                             1 911  1 116   71,3%   6 627   5 161   28,4%

 Ro-ro                                   1 416  1 352    4,8%   4 098   4 038    1,5%

 Dry bulk                                1 416  1 245   13,8%   3 130   3 201   -2,2%

 Containers                                461    447    3,2%   1 350   1 395   -3,2%

 in TEUs                                53 432 56 340   -5,2% 157 897 169 636   -6,9%

 General cargo                              86    113  -23,2%     320     486  -34,2%

 Non-marine                                 10      3  243,3%      12       4  244,9%



 Number of passengers by routes (th)     1 620  3 600  -55,0%   3 703   8 297  -55,4%

 Tallinn-Helsinki                        1 518  2 779  -45,4%   3 401   6 747  -49,6%

 Tallinn-Stockholm                           2    299  -99,4%     138     715  -80,7%

 Muuga-Vuosaari                             45     56  -19,5%      88      78   13,2%

 Tallinn-St.Petersburg                       0     31 -100,0%       0      59 -100,0%

 Cruise (traditional)                        0    400 -100,0%       0     641 -100,0%

 Other                                      55     35   55,3%      75      57   32,7%



 Number of vessel calls by vessel type   2 123  2 290   -7,3%   5 320   5 961  -10,8%

 Cargo vessels                             426    453   -6,0%   1 243   1 357   -8,4%

 Passenger vessels (incl. Ro-Pax)        1 697  1 627    4,3%   4 077   4 268   -4,5%

 Cruise vessels (traditional)                0    210 -100,0%       0     336 -100,0%



 Ferries*

 (Saaremaa and Hiiumaa lines)

 Passengers (th)                           879    925   -4,9%   1 560   1 932  -19,2%

 Vehicles (th)                             389    377    3,1%     740     830  -10,8%



 Icebreaker Botnica

 Charter days                               92     92    0,0%     207     205    1,0%

*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
2014-2020 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 in  2019 serviced 10.64 million  passengers and 19.9
million  tons of cargo. 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.  According  to  audited  financial
results,  Tallinna  Sadam  group's  sales  in  2019 totaled  EUR  130.5 million,
adjusted EBITDA EUR 74.3 million and net profit EUR 44.4 million.

Additional information:

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

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