Tallink Grupp

Changes in the Management Board

Tallinn, 2018-03-23 15:10 CET (GLOBE NEWSWIRE) --

Changes in the Management Board

AS Tallink Grupp (the ?Company?) announces that the Supervisory Board of the

Company has decided to elect Mr. Paavo Nõgene to the Management Board of the

Company and has appointed Mr. Paavo Nõgene as the Chairman of the Management

Board.

The mandate of Mr. Paavo Nõgene begins at 01.05.2018 and lasts for the period

of 3 years.

Since 01.01.2013 Paavo Nõgene has served as a Secretary General of the Ministry

of Culture of the Republic of Estonia, leaving the office before starting to

work in the Company. Prior to this, Paavo Nõgene was managing the biggest

Estonian theatre, Vanemuine, and was active in private entrepreneurship. Paavo

Nõgene is currently a member of the Supervisory Board of the Estonian National

Broadcasting and the National Opera, and Chairman of the Supervisory Board of

the SA Estonian Art Museum, the SA Estonian Concert, the SA Estonian Drama

Theatre, the SA Theatre Vanemuine and the SA Estonian Film Institute. In

addition, he is a member of the Gambling Tax Board. Mr. Paavo Nõgene is owner

and a member of the Management Board of the company OÜ PN Management. Mr. Paavo

Nõgene does not own shares in the Company.

?Tallink Grupp is a strong international company, the results of which speak

for themselves. Today?s Supervisory Board decision and the appointment of a new

Chief Executive Officer Paavo Nõgene will only strengthen Tallink?s current

position and future prospects,? Enn Pant, Chairman of the Supervisory Board,

commented.

The Supervisory Board of the Company extended the term of office of a Member of

the Management Board Mr. Lembit Kitter for the next term of office of the

Management Board as from 02.05.2018.

Starting from 01.05.2018.a. the Company will have four-member Management Board,

including Mr. Paavo Nõgene, Mr. Janek Stalmeister, Mr. Andres Hunt and Mr.

Lembit Kitter.

Veiko Haavapuu

Financial Director

AS Tallink Grupp

Sadama 5/7

10111 Tallinn, Estonia

Tel. +372 640 9914

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