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Tallinna Sadam and TS Laevad filed claims for damages against former board members in civil court proceedings

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AS  Tallinna Sadam and  TS Laevad OÜ  filed a cassation  appeal in July 2025 and
requested  that  the  decision  of  Harju  County  Court of 27 June 2024 and the
decision  of  Tallinn  Circuit  Court  of  4 June  2025 in the criminal case was
annulled  in the  part in  which the  accusation was  reclassified as  a private
sector  bribery offense, the  proceedings were terminated  due to the statute of
limitations,  the civil action  was dismissed, the  measures taken to secure the
civil  action were canceled,  and the procedural  costs of the  victims were not
fully compensated.

On 2 February 2026, the Supreme Court decided not to accept the cassation appeal
of  TS Laevad OÜ and AS  Tallinna Sadam. As a result,  the decision of the Harju
County Court of 27 June 2024 and the decision of the Tallinn Circuit Court of 4
June  2025 entered into force. The courts pointed  out that the victims have the
right  to  file  a  new  claim  for  damages  against  the former members of the
management  board and those who caused the damage in accordance with the Code of
Civil Procedure.

AS Tallinna Sadam filed claims against the defendants:

-  Allan Kiil's legal successor,  Ain Kaljurand, Eno Saar,  Toivo Promm and Bone
Invest  OÜ, demanding compensation  for damages in  the amount of 590,032 euros,
default interest of 463,455 euros and forward default interest, and also filed a
request for securing the claim, which the court partially granted;

-  Allan Kiil's  legal successor,  Ain Kaljurand  Üllar Raad, Tõnis Pohla, Toivo
Promm  and Bone Invest  OÜ demanding compensation  for damages in  the amount of
562,136 euros,  default interest of 441,544 euros  and forward default interest,
and  also filed  a request  for securing  the claim,  which the  court partially
granted;

-  Allan Kiil's legal  successor, Sven Honga,  Keskkonnahoolduse OÜ, Toivo Promm
and Bone Invest OÜ, demanding compensation for damages in the amount of 419,979
euros, default interest of 329,883 euros and forward default interest.

TS Laevad OÜ filed a claim against Allan Kiil's legal successor, Toivo Promm and
R.I.C.H.  Group Trading Ltd, demanding compensation for damages in the amount of
3,152,000 euros,  default interest in the  amount of 2,475,816 euros and forward
default  interest, and also  filed a request  for securing the  claim, which the
court granted.

The  claims have  been filed  in connection  with the  criminal case that became
public  in  August  2015 and  resulting  from  the  previously  described  court
decisions,  which concern  the actions  of the  former members of the management
board  of AS  Tallinna Sadam  in connection  with the  breach of the duties of a
member of the management board and the damage caused to AS Tallinna Sadam and TS
Laevad OÜ.

The  management board believes that based on known information, the above events
will  not have a material adverse impact on the Group's financial performance or
financial position. Additional information about the closed criminal case can be
found  in the  stock exchange  announcements of  27 June 2024, 31 July 2024, 15
October 2024, 4 June 2025 and 31 July 2025.

Tallinna Sadam is one of the largest cargo- and passenger port complexes in the
Baltic Sea region. In addition to passenger and freight services, Tallinna Sadam
group also operates in shipping business via its subsidiaries - TS Laevad OÜ
provides ferry services between the Estonian mainland and the largest islands,
and OÜ TS Shipping charters its multifunctional vessel Botnica for icebreaking
and offshore services in Estonia and projects abroad. Tallinna Sadam group is
also a shareholder of an associate AS Green Marine, which provides waste
management services.

Additional information:

Angelika Annus
Head of Investor Relations
Tel. +372 5649 6230
E-mail: [email protected] (mailto:[email protected])