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Resolutions of the Annual General Meeting of Shareholders of AS Tallink Grupp

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AS  Tallink Grupp  (registration code  10238429, location and  address at Sadama
5, 10111 Tallinn)  held  its  Annual  General  Meeting of Shareholders on 20 May
2025 at 11 AM at the conference centre of Tallink SPA & Conference Hotel, at the
address Sadama 11a, Tallinn.

66 shareholders  were registered as  attending at the  Annual General Meeting of
Shareholders,  who  owned  567,914,814 votes/shares  (the  amount of represented
share  capital  266,919,962.58 EUR),  forming  76.38% of  AS Tallink Grupp share
capital.

Resolutions adopted at the meeting:

1. To  approve the annual report of the  financial year 2024 as presented by the
Management Board of AS Tallink Grupp.

In favour of the resolution voted 99.31% of the votes represented at the meeting
(563,979,615 votes).

2. To  approve the  following profit  distribution proposal  as prepared  by the
Management Board of AS Tallink Grupp:

 1. To approve the net profit of the financial year 2024 in the amount of
    40 274 000 euros. The retained earnings of previous periods total to
    325 991 000 euros. Therefore, the distributable profit totals to
    366 265 000 euros as at 31.12.2024;
 2. To allocate 0 euros to mandatory legal reserve;
 3. Not to make any allocations to other reserves prescribed by law or the
    articles of association;
 4. To allocate 0 euros to retained earnings;
 5. To pay the shareholders dividends of 0.06 euros per share, in the total
    amount of 44 614 143.84 euros;

     1. 0.03 euros per share shall be paid to the shareholders who are included
        in the list of shareholders on 19 June 2025 as at the end of the
        business day of the settlement system of the securities registrar
        (record-date). Consequently, the day of change of the rights related to
        the shares (ex-date) is on 18 June 2025. The dividend shall be paid to
        the shareholders by transfer to the bank account of the shareholders on
        2 July 2025.
     2. 0.03 euros per share shall be paid to the shareholders who are included
        in the list of shareholders on 14 November 2025 as at the end of the
        business day of settlement system of the securities registrar (record-
        date). Consequently, the day of change of the rights related to the
        shares (ex-date) is on 13 November 2025. The dividend shall be paid to
        the shareholders by transfer to the bank account of the shareholders on
        25 November 2025.

In favour of the resolution voted 99.26% of the votes represented at the meeting
(563,705,849 votes).

3. To  appoint the audit firm KPMG Baltics OÜ as the auditor of AS Tallink Grupp
for  the financial year 2025 and  to remunerate the work  in accordance with the
contract to be concluded with the auditor.

In favour of the resolution voted 98.13% of the votes represented at the meeting
(557,266,532 votes).

4. Due  to the expiry of the term of authority of the members of the Supervisory
Board,  Ain Hanschmidt, Eve Pant, Toivo Ninnas and Raino Paron on 19.09.2025, to
extend  the  term  of  authority  for  the  next 3-year term from 20.09.2025. To
continue  with  the  remuneration  of  the  members  of the Supervisory Board in
accordance   with  the  resolution  No  4 adopted  by  the  General  Meeting  of
Shareholders on 07.05.2024.

In favour of the resolution voted 98.11% of the votes represented at the meeting
(552,092,374 votes).

5. To  amend  the  second  sentence  of  the  Article  2.4. of  the  Articles of
Association  and  word  it  as  follows:  "Supervisory board shall be authorised
within  3 years as from  1 January 2026 to increase  the share capital  by up to
35 000 000 euros, increasing the share capital up to 384 477 460,08 euros."

In favour of the resolution voted 98.82% of the votes represented at the meeting
(561,209,264 votes).

6. To  approve  the  issuing  of  options  as  part of the Option program to the
members  of  the  Supervisory  Board  of  AS  Tallink  Grupp and to conclude the
Agreements  of Share Option in  accordance with the terms  of the Option Program
approved  by  the  General  Meeting  of  shareholders  of  AS  Tallink  Grupp on
13.06.2023 and as follows:

 1. The Member of the Supervisory Board Enn Pant has the right to acquire
    300 000 options (which gives the right to acquire 300 000 shares of AS
    Tallink Grupp) for the third year of the Option program (period 13 June
    2025 to 13 June 2026).
 2. The Member of the Supervisory Board Ain Hanschmidt has the right to acquire
    300 000 options (which gives the right to acquire 300 000 shares of AS
    Tallink Grupp) for the third year of the Option program (period 13 June
    2025 to 13 June 2026).
 3. The Member of the Supervisory Board Eve Pant has the right to acquire
    300 000 options (which gives the right to acquire 300 000 shares of AS
    Tallink Grupp) for the third year of the Option program (period 13 June
    2025 to 13 June 2026).
 4. The Member of the Supervisory Board Raino Paron has the right to acquire
    300 000 options (which gives the right to acquire 300 000 shares AS Tallink
    Grupp) for the third year of the Option program (period 13 June 2025 to 13
    June 2026).
 5. The Member of the Supervisory Board Toivo Ninnas has the right to acquire
    300 000 options (which gives the right to acquire 300 000 shares of AS
    Tallink Grupp) for the third year of the Option program (period 13 June
    2025 to 13 June 2026).
 6. The Member of the Supervisory Board Kalev Järvelill has the right to acquire
    300 000 options (which gives the right to acquire 300 000 shares of Tallink
    Grupp) for the third year of the Option program (period 13 June 2025 to 13
    June 2026).

To  appoint the  Chairman of  the Management  Board of  AS Tallink  Grupp as the
representative  of  AS  Tallink  Grupp  when  concluding the Agreements of Share
Option with the abovementioned Members of the Supervisory Board.

In favour of the resolution voted 97.07% of the votes represented at the meeting
(540,013,593 votes).

Anneli Simm
Investor Relations Manager

AS Tallink Grupp
Sadama 5
10111 Tallinn, Estonia
E-mail [email protected] (mailto:[email protected])
Phone: +372 56157170