Tallink Grupp

Letter of Intent for the construction of new LNG powered shuttle ferry

AS Tallink Grupp and Rauma Marine Constructions signed a Letter of Intent for

the construction of a new LNG powered shuttle ferry for the Tallinn-Helsinki

route. The estimated cost of the project is approximately 250 million euros and

the new vessel will be built at the Rauma shipyard in Finland. The construction

of the new ship is expected to be completed by the end of 2021. The project will

provide approximately 1500 man-years employment for the shipyard.

The new ferry will be dual fuel operated, using LNG as its main fuel and will

have capacity for 2800 passengers. It will start operating on the Tallinn-

Helsinki route, further developing this important route between the two capital

cities. The new ferry will be built using all the latest technologies and the

most innovative solutions available and the group's aim is to build the most

energy efficient and environmentally friendly vessel operating on the Baltic

Sea.

Historically four Tallink Grupp ships have been built at the Rauma shipyard and

in addition to this, two vessels have been designed in Rauma shipyard. The last

ship built at the shipyard was the group's vessel Baltic Queen, delivered in

2009 and currently operating on the Tallinn-Stockholm route.

Over the coming months Tallink Grupp and Rauma shipyard will work towards the

shipbuilding contract and financing arrangements.

Paavo Nõgene

CEO

AS Tallink Grupp

Sadama 5/7

10111 Tallinn, Estonia

Tel. +372 640 9800

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