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AS Tallinna Sadam operational volumes for 2022 Q3 and 9 months

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In  2022 Q3,  4.4 million  tonnes  of  cargo  and  2.5 million passengers passed
through  the harbours of Tallinna Sadam. Compared to the same period of previous
year,  the number of passengers increased  by 87% i.e. by 1.2 million passengers
whereas  the cargo  volume decreased  by 33%. At  the same  time, the  number of
vessel  calls was  relatively stable  decreasing only  by 4% to  1936 calls. The
number  of passengers and vehicles served  between the Estonian mainland and the
main  islands and the number of charter days of the icebreaker Botnica stayed at
the same level as in the previous year, utility rate of the vessel was 100%.

According to Valdo Kalm, chairman of the management board of Tallinna Sadam, the
recovery of passenger business continued vigorously in the summer, the number of
passengers  increased by 2.3 times in  9 months year-on-year, primarily with the
support  of  the  Tallinn-Helsinki  route  and  cruise  passengers. "We are very
pleased  that cruise  ships continue  to find  their way  to Tallinn despite St.
Petersburg's  disappearance  from  the  cruise  map.  Today,  we have managed to
recover to 70% of the pre-pandemic level in the passenger business," said Kalm.

In terms of cargo volumes, ro-ro and container volumes continue to grow, but the
overall  cargo volume has decreased due to  the sanctions imposed on Russia. The
sanctions affect the handling of liquid bulk and fertilizers (dry bulk).

Shipping  volumes, i.e. the number of passengers and vehicles served by ferries,
as  well as the number of charter days  of the icebreaker Botnica, are stable at
last year's level.

The  operational volumes  of Tallinna  Sadam group  for 2022 Q3 and 9 months are
presented  in the following table.  The data  for the Q3 2022 are preliminary as
of  05.10.2022. The final volumes  for the period  may be specified  and will be
published in the following financial report.

                                            Q3     Q3                   9M
                                          2022   2021 Change 9M 2022  2021   Change

 Cargo volume by type of cargo
 (th tonnes)                             4 370  6 541 -33.2%  13 897  17 709 -21.5%

 Ro-ro                                   1 701  1 599   6.4%   5 235   4 818   8.7%

 Dry bulk                                1 156  2 976 -61.2%   4 325   7 396 -41.5%

 Liquid bulk                               887  1 371 -35.3%   2 195   3 737 -41.3%

 Containers                                508    465   9.1%   1 649   1 391  18.5%

 in TEUs                                60 231 56 221   7.1% 207 052 166 153  24.6%

 General cargo                             114    129 -12.1%     480     367  30.8%

 Non-marine                                  5      0      -      14       1      -





 Number of passengers by routes (th)     2 533  1 358  86.5%   5 337   2 327 129.4%

 Tallinn-Helsinki                        2 169  1 075 101.8%   4 633   1 953 137.2%

 Tallinn-Stockholm                         146    105  39.0%     329     105 212.9%

 Muuga-Vuosaari                             50     37  33.8%     129      99  30.0%

 Cruise (traditional)                      116     54 115.4%     170      54 216.2%

 Other                                      52     86 -40.1%      76     116 -34.6%





 Number of vessel calls by vessel type   1 936  2 010  -3.7%   5 529   5 524   0.1%

 Cargo vessels                             371    492 -24.6%   1 131   1 287 -12.1%

 Passenger vessels (incl. Ro-Pax)        1 455  1 479  -1.6%   4 220   4 198   0.5%

 Cruise vessels (traditional)              110     39 182.1%     178      39 356.4%



 Ferries*

 (Saaremaa and Hiiumaa lines)

 Passengers (th)                           897    906  -1.0%   1 852   1 759   5.3%

 Vehicles (th)                             394    407  -3.3%     872     862   1.1%



 Icebreaker Botnica

 Charter days                               92     92   0,0%     206     206   0,0%

 Utility rate (%)                         100%   100%      0     75%     75%      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 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  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 2021
totalled  EUR 110 million,  adjusted EBITDA  EUR 54 million  and profit  EUR 26
million.

Additional information:

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

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