Tallink Grupp

Earnings Release • Apr 6, 2017

AS Tallink Grupp | Sadama 5/7 | Reg. Nr.:10238429 | Phone: +372 6 409 800 | Fax: +372 6 409 810 | E-mail: info@tallink.com March 2017 Investor Relations | E-mail: veiko.haavapuu@tallink.ee | Phone: +372 640 9914

We operate 6 routes

in the northern Baltic Sea

Our fleet consists of 16 ice class ships and has a value of EUR 1.5 billion

30% of the hotel guests arrive with Tallink ships

Tallink is the leading short cruise and ferry operator

Tallink's vision is to be the market pioneer in Europe by offering excellence in leisure

and business travel and sea transportation services

Long term objectives toward increasing the company value and profitability:

• Strive for the highest level of customer satisfaction

• Increase volumes and strengthen the leading position on our home markets - Develop a wide range of quality services directed to different customers and

pursue new growth opportunities - Ensure cost efficient operations

• Manage the optimal debt level that will allow sustainable dividends

Current focus is on core operations to realize past investments. Along with the optimal fleet deployment the emphasis is on the profitability improvement and

deleveraging.

Current strategic cornerstones and competitive advantages:

Key points

Most modern fleet

Wide route network

Strong market share & brand awareness

High safety level & environmental standards Turku Helsinki

Kapellskär

Stockholm Tallinn

Paldiski

Oslo

Copenhagen

Rostock

Vilnius

Riga

Mariehamn SWEDEN FINLAND

NORWAY

ESTONIA

LATVIA DENMARK

GERMANY

POLAND

LITHUANIA

9.9 ^m 1.3 ^m

5.5 ^m

2.0 ^m

2.9 ^m

Tallink City Rooms: 332 Conference Nightclub

Tallink Hotel Riga Rooms: 256 Conference GYM

Tallink Spa & Conference Rooms: 275 Aqua Spa

Pirita Top Spa

Rooms: 267 Wellness & MediSPA National Heritage

Tallink Express Rooms: 163 Resto & Bar Tempo

PASSENGERS 2016

Other RUS 10% 2% LIT LAT 2% 3%

Estonian 20%

Swedish 12%

Finnish 51%

				Silja Line established		Tallink founded	One vessel	Management buyout			Private place- ment		IPO	Rights Issue	Over 1.3 billion euros invested during the fleet investment program		2.0M Club One members
History	1883	1910	1928	1957	1965	1989	1990	1996	2001	2002	2003	2004	2005	2006	2009	2011	2015	2017
	Finnish Steamship Co founded	Service between Turku & Stockholm	Service between Helsinki & Stockholm		Tallinn-Helsinki route		166 th passengers		Tallinn-Stockholm route	First newbuilt cruise ferry		Hotel operation starts		Tallink and Silja Line merged	8M passengers reached	9M passengers 1.3M Club One members		ferry delivery

Corporate factsheet www.tallink.com

Rank Company 1 Stena Line 2 Grimaldi Lines 3 Tallink 4 DFDS Seaways 5 P&O Ferries Ferry operator by beds Rank Company 1 Tallink 2 Stena Line 3 Viking Line 4 Grand Navi Veloci 5 Tirrenia

Rank Company 1 DFDS Group 2 Stena Line 3 Tallink 4 Viking Line 5 Finnlines

EUR

Source: ShipPax MARKET: 16, Company reports

Chairman of the Management Board, CEO Vice Chairman of the Management Board Member of the Management Board

Baltic Cruises Holding L.P. 18% Baltic Cruises Investment L.P. 6% ING Luxembourg S.A. AIF Account 4% ING Luxembourg Client Acc 3% State Street Bank and Trust Omnibus Fund OM01 2% Clearstream Banking Luxembourg S.A. Clients 2% Nordea Bank Finland Plc Clients 1% Skandinaviska Enskilda Banken Finnish Clients 1% BNYM Clients 1%

Tallink has been a leading stock on the Baltic market in liquidity, market capitalization and has a retail shareholder base around 11 000 shareholders

Q1

Q2

Q3

Q4

Source: Generation Research 2016

Quarterly passenger spending, highs and lows

Quarterly seasonality

Segment result by routes 2016 Passenger revenue Ownership & Management