On 2 October 2008 Port of Tallinn signed an agreement with Danske Bank A/S Estonian Branch for issuing a short-term bond. The bond issue consist of 1 bond in nominal value of EUR 30.0 million (EEK 469.398 million) with value date of 20 October 2008 and maturity of 6 months. Port of Tallinn has the right to call back the issue before maturity date. The owner of the bond is Danske Bank A/S Estonian Branch. The bond will not be listed on stock exchange nor registered in the Estonian Central Register of Securities. The bond will have a floating interest rate based on the 1 month Euribor. The additional interest margin will be 0.30% per year. The funds will be used for bridge financing of company's current investments, of which the biggest are the extension of container terminal in Muuga Harbour and building of quays no 8/9 in Paldiski South Harbour until the signing of long term financing agreements. To assure long term financing for the extension of container terminal in Muuga Harbour and building of quays no 8/9 in Paldiski South Harbour, Port of Tallinn is negotiating with European Investment Bank. According to present schedule the financing agreement should be signed in December 2008. (http://www.eib.org/projects/pipeline/2008/20080393.htm) Marju Zirel Treasurer +372 631 8048 Sven Ratassepp Public Relations Manager +372 631 8064