HSE: FINAL RESULT OF GRIMALDI COMPAGNIA DI NAVIGAZIONE S.P.A.’S MANDATORY TENDER OFFER FOR ALL SHARES IN FINNLINES PLC

GRIMALDI COMPAGNIA DI NAVIGAZIONE S.P.A.  STOCK EXCHANGE RELEASE  
22 February 2007 9.00 AM


FINAL RESULT OF GRIMALDI COMPAGNIA DI NAVIGAZIONE S.P.A.’S MANDATORY TENDER
OFFER FOR ALL SHARES IN FINNLINES PLC 

The offer period in Grimaldi Compagnia di Navigazione S.p.A’s (“Grimaldi”)
mandatory tender offer (”Tender Offer”) for all of the issued and outstanding
shares in Finnlines Plc (“Finnlines”) expired on 16 February 2007. 

According to the final result of the Tender Offer, Grimaldi was offered 264,368
shares in Finnlines in the Tender Offer. When taking into account the
above-mentioned shares, Grimaldi Group's holding and share of votes in
Finnlines will rise to approximately 50.7 per cent. 

The Tender Offer will be consummated in accordance with the terms and
conditions of the Tender Offer not later than on the fourth (4th) banking day
following the termination of the tender offer period, i.e. today, on 22
February 2007. 

The offer consideration will be paid to those Finnlines’ shareholders who
accepted the Tender Offer in accordance with the terms and conditions of the
Tender Offer on or about the third (3rd) banking day following the date of
completion trade, i.e. on 27 February 2007. 

   
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 world’s 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 58 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.