RIMALDI COMPAGNIA DI NAVIGAZIONE S.P.A. STOCK EXCHANGE RELEASE January 12, 2007 9.00 AM GRIMALDI COMPAGNIA DI NAVIGAZIONE S.P.A. MAKES A MANDATORY PUBLIC TENDER OFFER FOR ALL SHARES IN FINNLINES PLC Grimaldi Compagnia di Navigazione S.p.A. (Grimaldi), a company of the Grimaldi Group, offers, by a mandatory public tender offer in accordance with Chapter 6, Section 10 of the Securities Markets Act (the Tender Offer), to purchase all the issued shares of Finnlines Oyj (Finnlines). Subsequent to the share purchase of 29 December 2006, Grimaldi Group companies' holding exceeded one half (1/2) of the voting rights in Finnlines and consequently Grimaldi Group companies became obliged to make a mandatory tender offer for the remainder of Finnliness shares in accordance with the Securities Markets Act. Currently the companies belonging to the Grimaldi Group hold approximately 50.1 percent of the votes in Finnlines, of which amount approximately 37.4 percent is held directly by Grimaldi and the residual 12.7 percent is held by other companies of the Grimaldi Group. Grimaldi will pay a cash consideration of EUR 17.00 for each share in Finnlines. The offer price equals the highest price per share paid by Grimaldi Group companies for the shares in Finnlines within the past six months. The consideration is approximately 8.8 per cent above the 12-month volume weighted average price of the Finnlines share preceding Grimaldis announcement of its obligation to make a Tender Offer, i.e. during the period 29 December 2005 28 December 2006. The consummation of the Tender Offer is not conditional on any preconditions. The offer period will commence as soon as possible after the Financial Supervision Authority has approved the Tender Offer document, preliminarily on 22 January 2007, and last approximately four weeks unless the offer period is extended in accordance with the terms and conditions of the Tender Offer. The Tender Offer document and the terms and conditions of the Tender Offer will be published before the offer period begins. After the consummation of this Tender Offer, the Offeror or any other company of Grimaldi Group will not be obliged to make any further mandatory tender offer for the Shares, considering that ownership of the companies belonging to the Grimaldi Group has already exceeded one half (1/2) of all the issued Shares and the related voting rights. Evli Bank Plc, Corporate Finance acts as corporate finance advisor to Grimaldi. Capitalia S.p.A. acts as joint financial advisor. Grimaldi Compagnia di Navigazione S.p.A. BOARD OF THE DIRECTORS Further information: Emanuele Grimaldi, Managing Director, Grimaldi Group, Phone: +39 081 496460 Minna Avellan, Account Executive, Hill and Knowlton Finland Ltd, Phone: +358 9 3486 1209 Further information on the transaction: Esa Pensala, Director, Evli Bank Plc, Corporate Finance, Phone: +358 9 4766 9786 DISTRIBUTION Helsinki Stock Exchange Main media Grimaldi Group is one of the worlds largest privately owned shipping companies. The Group, founded in 1945, by the Grimaldi family, who are still active in the company, is a specialist in the roll on/roll off method of shipment and currently owns one of the largest fleets of ro/ro multipurpose and car carrier vessels in the world. The Grimaldi Group, with a fleet of 56 owned vessels (excluding Finnlines), offers regular liner services covering North Europe, the Mediterranean, West/Central Africa and North/South America for the transport of cars, vans, trucks and other commercial vehicles, all types of containers, general cargo (paper, forestry products, etc.), project cargo and passengers. The Grimaldi Group includes the following companies: Grimaldi Compagnia di Navigazione S.p.A., Atlantica S.p.A. di Navigazione, Industria Armamento Meridionale S.p.A., Atlantic Container Line AB, Malta Motorways of the Sea Ltd. and, since the end of 2006, Finnlines Plc. The Grimaldi Group has an annual turnover of EUR 1.3 billion (excluding Finnlines) and it employs approximately 2,300 persons (excluding Finnlines). This stock exchange release must not be released or distributed in whole or in part in or into the United States, Canada, Japan or Australia. This stock exchange release is neither an offer to purchase nor a solicitation for an offer to sell shares, and the tender offer will not be made directly or indirectly in the United States, Canada, Japan or Australia or any other jurisdiction where such an offer would violate laws of that jurisdiction. This stock exchange release and tender offer will not and may not be distributed, forwarded or transmitted in any way, such as by post, fax, email or telephone, or in any other way to or from areas where it would violate the law.
GRIMALDI COMPAGNIA DI NAVIGAZIONE S.P.A. MAKES A MANDATORY PUBLIC TENDER OFFER FOR ALL SHARES IN FIN
| Source: Finnlines