Tallink Grupp

Capital/Financing Update • Jun 29, 2015

AS Tallink Group has signed the loan agreement for the new LNG powered fast ferry

AS Tallink Group has signed the loan agreement for the new LNG powered fast ferry

Tallinn, 2015-06-29 15:52 CEST (GLOBE NEWSWIRE) --

AS Tallink Group has signed the loan agreement for the new LNG powered fast

ferry

AS Tallink Grupp's subsidiary Tallink Line Ltd. and Nordea Bank Finland Plc

have signed the loan agreement in the amount of EUR 184 million to finance the

new EUR 230 million LNG powered fast ferry currently under construction in

Meyer Turku shipyard.

The loan is arranged by Nordea Bank and Finnish Export Credit Agency ?Finnvera?

guarantees 95 per cent of this post-delivery buyer credit for which Finnvera?s

subsidiary, Finnish Export Credit Ltd, has provided long term financing.

The loan is secured by the mortgage on the new vessel and the corporate

guarantee of AS Tallink Grupp. This OECD-term export credit loan will be drawn

on the delivery of the vessel, presumably in the beginning of 2017 and has the

final maturity of twelve years from the drawdown. The loan bears OECD

Commercial Interest Reference Rate (CIRR) based fixed interest rate.

Harri Hanschmidt

Head of the Finance Department

AS Tallink Grupp

Sadama 5/7. 10111 Tallinn

Tel +372 640 8981

E-mail harri.hanschmidt@tallink.ee