DECISIONS OF THE GENERAL MEETING


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