The sole shareholder of AS Tallinna Sadam made the following decisions on April 3, 2007: 1. Approval of the 2006 annual report. - to approve the 2006 annual report of AS Tallinna Sadam. 2. Profit distribution. - to approve 2006 consolidated net profit of AS Tallinna Sadam (attributable to the equity holders of the parent company) in the amount of EEK 594 723 626 (EUR 38 009 767); - to approve the payment of dividends in the amount of EEK 300 000 000 (EUR 19 173 494); - to approve the transfer of EEK 561 901 (EUR 35 912) into statutory reserve capital; - to approve the transfer of EEK 294 161 725 (EUR 18 800 361) into retained earnings. 3. Amendments to the articles of association - to amend clause 4.5 of the articles of association by changing the word “internal control” with “internal audit”; - to amend clause 7.4 of the articles of association and to read the new text as follows: „7.4 Dividend payment The amount and the procedure for payment of dividends shall be decided by the general meeting, unless the law or articles of associations state otherwise. The management board has the right to make advance payments to the shareholders with the consent of the supervisory board after the end of a financial year and before approval of the annual report on account of the presumed profit in the amount of up to one half of the amount subject to distribution among the shareholders.”; - to approve the new wording of the articles of association. Marko Raid Chief Financial Officer 6318047 Sven Ratassepp Public Relations Manager 6318064