Tallink will start hotel operation in Riga in 2010

OÜ TLG Hotell, a subsidiary of AS Tallink Grupp and SIA Happy Trails of Latvia  
have come to a preliminary agreement that OÜ TLG Hotell will start hotel        
operation in Riga in 2010. A new 250-room hotel building in the center of Riga  
will be constructed to SIA Happy Trails by 2010. The details of rental terms   
will be set in the rental agreement which will be concluded before the start of 
the operations.                                                                 

AS Tallink Grupp does not invest into the construction of the new hotel. The    
transaction will not have a significant effect to the consolidated accounts of  
AS Tallink Grupp.                                                               

This is a related party transaction according to the Stock Exchange rules. SIA  
Happy Trails is owned 100% by AS Infortar which is the main shareholder of AS   
Tallink Grupp.                                                                  


Janek Stalmeister                                                               
AS Tallink Grupp                                                                
Financial Director                                                              
Tel: +372 6409 800                                                              
Fax: +372 6409 810                                                              
e-mail: janek.stalmeister@tallink.ee