Tallinn Stock Exchange Stock Exchange Release 16./14.02.2007 Additional information on merging of Tallink Grupp shares At the general meeting of the shareholders of AS Tallink Grupp on 17.01.2007 it was decided to increase share capital through bonus issue. In connection with this, three new shares (shortname TAL4T) per each share existing as of 31.01.2007 8:00 a.m. (shortname TAL1T) were transferred on 01.02.2007 to the securities account of shareholders participating in the bonus issue. On 12.02.2007, an entry was made in the Commercial Register on the increase of share capital and since then all shares of AS Tallink Grupp (TAL1T and TAL4T) have equal legal rights. Therefore, the Estonian CSD will merge the new shares of AS Tallink Grupp (TAL4T) with the initial shares of AS Tallink Grupp (TAL1T) on the evening of Thursday, 15 February 2007. Starting on Friday, 16 February 2007, all 673 817 040 ordinary shares of AS Tallink Grupp will be traded on the Main List of the Tallinn Stock Exchange under common shortname TAL1T (ISIN: EE3100004466). To anticipate potential questions and avoid misunderstandings, we would like to draw attention to the following: 1. On the evening of Thursday, 15 February, shares on the securities account of an investor (TAL4T) will be merged with the TAL1T shares. 2. If an investor has made a transaction with TAL4T shares, the value date (i.e. the date of changing the owner) of which is on 16 February or later (i.e. the stock exchange transaction has been conducted between 13.02.2007. and 15.02.2007), the TAL1T shares will move instead of the TAL4T shares as by that time the shares will have been merged in the Estonian CSD and the TAL4T shares no longer exist. Other transaction parameters (price, amount etc.) will not be changed. 3. All purchase and sale orders of TAL4T shares that have not been carried out by the evening of 15.02.2007 will be automatically cancelled. In case an investor wants to perform transactions with AS Tallink Grupp shares, the investor has to submit a new transaction order for the TAL1T share. Whether the transaction order given by the investor has been fulfilled or not can be checked via one's own bank. Tallinn Stock Exchange Market services 640 8800