An explanation to information provided by BNS on 26 July 2007 “The profit of Port of Tallinn may fall below budgeted level”. The published information includes evaluations for 2007 made by Neinar Seli, the chairman of the Supervisory Board of Port of Tallinn. In accordance with the rules and regulations of stock exchange Port of Tallinn discloses the financial results twice per year. Port of Tallinn does not disclose the forecasts of the financial results. On a monthly basis Port of Tallinn discloses the volume of cargo handled and passengers serviced. Considering the decreased volume of the transit cargo through Estonia in May, June and July, the cargo volume passing through the ports of Port of Tallinn has decreased. Therefore, the total cargo volume in 2007 may remain below budgeted level. The Port of Tallinn interim financial report for the first-half of the year 2007 will be disclosed at the latest by 31.08.2007. Sven Ratassepp Public Relations Manager 6318 064 Siiri Heinsaar Treasurer 6318 048