Tallink Grupp

Capital/Financing Update • Dec 20, 2016

AS Tallink Grupp changes in loan obligations

AS Tallink Grupp changes in loan obligations

Tallinn, 2016-12-20 14:36 CET (GLOBE NEWSWIRE) --

AS Tallink Grupp changes in loan obligations

AS Tallink Grupp announces taking a loan in the amount of EUR 280 million. The

financing is arranged by Nordea Bank Finland Plc, Norddeutsche Landesbank

Girozentrale, Danske Bank A/S, KfW IPEX Bank GmbH, AS Swedbank, Skandinaviska

Enskilda Banken AB ning HSH Nordbank AG. The payment- and security agent is

Nordea Bank Finland Plc. The final maturity of the floating interest rate

euribor based loan is six years.

The loan will be used to repay the outstanding balance of EUR 440 million loan

taken in December 2012 and to strengthen the working capital position of the

company.

As a result of the transaction Group?s refinancing risk decreases, repayment

profile lengthens and yearly loan service burden declines.

The new loan is guaranteed by the subsidiaries of AS Tallink Grupp: Tallink Sea

Line Ltd, Tallink Victory Line Ltd, Tallink Ltd, Tallink Autoexpress Ltd and

Tallinn Swedish Line Ltd. The loan is secured by the mortgages on the ships

belonging to these subsidiaries, excluding Tallink Autoexpress Ltd owned Silja

Europa.

Due to early repayment of the loan the arrangement fees that were amortised

over the period of that loan will be written off. As a result the Group will

record one-off financial expense of EUR 1.6 million in Q4 2016.

Veiko Haavapuu

Finance Director

AS Tallink Grupp

Sadama 5/7

10111 Tallinn, Estonia

Tel. +372 640 9914

E-mail veiko.haavapuu@tallink.ee