In May 2007 AS Tallink Grupp transported 539,561 passengers which is 61.2% more than in May 2006. The number of transported cargo units increased by 77.0% and the number of transported passenger vehicles by 56.2%. AS Tallink Grupp's passenger, cargo units and passenger car numbers for May 2007 and third quarter of the 2006/2007 financial year were the following: May May change III Q III Q change 2007 2006 06/07 05/06 Passengers 539,561 334,677 61.2% 1,562,345 839,488 86.1% ---------------------------------------------------------------------- Estonia- 210,820 238,911 -11.8% 589,447 621,574 -5.2% Finland Estonia-Sweden 65,946 65,798 0.2% 174,151 164,216 6.0% Latvia-Sweden 29,415 14,102 108.6% 66,707 29,185 128.6% Finland- 8,741 15,866 -44.9% 24,727 24,513 0.9% Germany Finland-Sweden 224,639 707,313 Cargo units 33,888 19,149 77.0% 94,977 46,740 103.2% ---------------------------------------------------------------------- Estonia- 11,364 8,848 28.4% 29,771 25,270 17.8% Finland Estonia-Sweden 3,701 3,896 -5.0% 10,685 11,218 -4.8% Latvia-Sweden 1,031 348 196.3% 2,399 549 337.0% Finland- 6,610 6,057 9.1% 19,211 9,703 98.0% Germany Finland-Sweden 11,182 32,911 Passenger 48,191 30,857 56.2% 124,283 72,079 72.4% Vehicles ---------------------------------------------------------------------- Estonia- 21,174 19,299 9.7% 57,560 45,272 27.1% Finland Estonia-Sweden 4,779 5,739 -16.7% 13,274 17,503 -24.2% Latvia-Sweden 3,261 1,745 86.9% 8,507 3,047 179.2% Finland- 2,839 4,074 -30.3% 7,742 6,257 23.7% Germany Finland-Sweden 16,138 37,200 We believe that the Bronze Soldier incidents and related disorders in Tallinn in the end of April have had negative impact to the May passenger volumes on our routes. ESTONIA-FINLAND: Compared to the May of previous financial year, there have been major changes in the fleet and operating concept. The product offering has improved for both passengers and cargo customers. The passenger volumes decreased by 11.8%, but at the same time the entire market was 15% lower compared to the previous year according to Port of Tallinn. Introduction of M/S Star and her frequent departures have helped to increase the cargo volumes. ESTONIA-SWEDEN: M/S Vana Tallinn does not operate any more between Paldiski- Kapellskär, but was there last year. LATVIA-SWEDEN: The operations of two vessels and everyday departures to both destinations compared to one vessel operations in previous financial year have significantly increased the volumes on Latvia-Sweden route. Janek Stalmeister Financial Director AS Tallink Grupp Tel. +372 6409 800 Email: janek.stalmeister@tallink.ee