Tallinna Sadam

Legal Proceedings Report • Dec 16, 2025

MPG AgroProduction OÜ returns the property to Tallinna Sadam

MPG AgroProduction OÜ returns the property to Tallinna Sadam

On 28 November 2023, AS Tallinna Sadam (hereinafter referred to as "Tallinna
Sadam") submitted an application to initiate bankruptcy proceedings of MPG
AgroProduction OÜ (hereinafter referred to as "MPG"). On 19 January 2024, the
debtor submitted its reorganization application. On 12 August 2024,
reorganization proceedings of MPG were terminated by the Supreme Court's order
and on 15 October 2024 the bankruptcy of MPG was declared. On 14 November 2024,
MPG filed an appeal with the Tallinn Circuit Court against the bankruptcy order.
On 9 September 2025, the Tallinn Circuit Court decided to dismiss MPG's appeal
and to leave the resolution of the Harju County Court's order of 15 October
2024 unchanged.

Bankruptcy proceedings were initiated based on the application submitted by
Tallinna Sadam, as MPG had not fulfilled its contractual obligations for a long
period of time. The claims of Tallinna Sadam to MPG have been discounted and
Tallinna Sadam requested the exemption of its own property from the right of
superficies.

On 16 December 2025 an agreement for the termination of the right of superficies
was signed at the notary. Tallinna Sadam reinstated the possession of its
property and can start using it.

More detailled information about the initiation of bankruptcy proceedings is
provided in the stock exchange announcement published by Tallinna Sadam on 13
December 2023
(https://view.news.eu.nasdaq.com/view?id=b61a17ca18cc95addaa018e546ac60116&lang=
en) and 24 October 2024
(https://view.news.eu.nasdaq.com/view?id=b772abd1d70b4fd82a62a249540ab0247&lang=
en&src=listed).

Tallinna Sadam is one of the largest cargo- and passenger port complexes in the
Baltic Sea region. In addition to passenger and freight services, Tallinna Sadam
group also operates in shipping business via its subsidiaries - OÜ TS Laevad
provides ferry services between the Estonian mainland and the largest islands,
and OÜ TS Shipping charters its multifunctional vessel Botnica for icebreaking
and offshore services in Estonia and projects abroad. Tallinna Sadam group is
also a shareholder of an associate AS Green Marine, which provides waste
management services.

Additional information:

Angelika Annus
Head of Investor Relations
Tel. +372 5649 6230
[email protected] (mailto:[email protected])