Tallink Grupp continues with the cost reduction program

Tallink Silja OY, the Finnish subsidiary of AS Tallink Grupp, announced today   
about starting the negotiations with the aim to reduce the number of staff in   
the land organization by equivalent of 80 full-time positions out of total 550  
staff members.                                                                  

AS Tallink Grupp has earlier informed about different costs saving measures as a
response to worsened economic environment and reduced revenue levels. Above     
activity is a part of this saving program.  The salaries of the Management Board
members have been already reduced by 20% and the salaries in the Estonian land  
organization and in some other units of the company between 5% and 15%.         

AS Tallink Grupp continues working on finding additional staff-related cost     
saving opportunities.                                                           


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