Tallink Is the Leading Short Cruise and Ferry Operator

Tallink is the leading short cruise and ferry operator www.tallink.com

OVERNIGHT CRUISE & ONBOARD CARGO ONBOARD ENTERTAINMENT 5 HOTELS CITY BREAK PASSENGER TRANSPORTATION TAX-FREE SHOPPING TRANSPORTATION

Key points We operate 6 routes

SWEDEN FINLAND Other Tallink’s vision is to be the market pioneer in Europe by offering excellence in leisure Turku m n - E RUS Oslo Mariehamn 5.5 3% Fi st LIT 9% Helsinki 5 C 3 and business travel and sea transportation services 3% ar 5% LAT 3% NORWAY Kapellskär St. Petersburg p go 4% o 1 Stockholm Tallinn h 1 Long term objectives toward increasing the company value and profitability: Paldiski RUSSIA s % PASSENGERS Finnish 1.3 m % - Strive for the highest level of customer satisfaction 48% 9.6 m ESTONIA & 2014 Accom 2% 5 Estonian t REVENUE 3 - Increase volumes and strengthen the leading position on our home markets 20% Riga n

Leases 5% REVENUE

2.0 m a - Develop a wide range of quality services directed to different customers and pur- r

DENMARK LATVIA STRUCTURE e

Swedish u Other 4% BY LINES

sue new growth opportunities Copenhagen w Other

13% t

LITHUANIA S

13% s

- Manage the optimal debt level that will allow sustainable dividends -

2.9 m e n

Vilnius R Current focus is on core operations to realize past investments. Along with the GERMANY F POLAND % Swe-Est optimal fleet deployment the emphasis is on the profitability improvement and Rostock 5 2 11% deleveraging. London NETHERLANDS icket Swe-Lat Amsterdam T The passenger market share of Tallink isWarsa 46%w 6% Berlin Ship Current strategic cornerstones and competitive advantages: in theBrussel northerns Baltic Sea % operating Financial Wide route BELGIUM 6 9% 4% Most modern Strong market share High safety level & 20 1 19.3 million ff fleet network & brand awareness environmental standards Paris a Amortization 18 Prague Other passengers t S 9% Eckerö 16 FRANCE CZECH REPUBLIC Other 3% 14 Viking % COST Key information 2014, unaudited 12 line

4 Market & 2

8.9 million STRUCTURE Admin

Passengers 8 881 732 P/E 2 1 passengers s

8 d 11%

Sales 921 mil EUR ROA 4.1% o

6 o

G 11

EBITDA 151 mil EUR ROE 3.6% 4 %

Net Profit 27 mil EUR Equity Ratio 46% Tallink 1 2 1 Average number of employees 6 952 EBITDA Margin 16% rt Fu o 0 el 13% P EPS 0.06 Book value per share 1.16 EUR 2011 2012 2013 2014

Over 1.3 billion euros Silja Line Tallink One vessel Management Private IPO Rights Issue invested during the fleet Tallink Hotel established founded buyout placement investment program Riga History 1883 1910 1928 1957 1965 1989 1990 1996 2001 2002 2003 2004 2005 2006 2008 2009 2010 2011 2014 Finnish Service between Service between Hotel Steamship Turku & Helsinki & Tallinn-Helsinki 166 th Tallinn-Stockholm First newbuilt operation Tallink and Silja 7M passengers 8M passengers reached 9M passengers 1.3M 1.7M Club One Co founded Stockholm Stockholm route passengers route cruise ferry starts Line merged reached Club One members members

Our fleet consists of 18 ice class ships and has a value of 1.5 billion EUR Age of fleet by value We operate 5 Hotels (1300 rooms)

Star Baltic Queen Silja Europa Silja Symphony Regina Baltica Stena Superfast VIII Tallink City Pirita Top Spa Built: 2007 Built: 2009 Built: 1993 Built: 1991 Built: 1980 Built: 2001/2002 25+ Rooms: 332 Rooms: 267 Length: 186 m Length: 212m Length: 202m Length: 203m Length: 145m Length: 203m years Conference Wellness & Passengers: 1860 Passengers: 2800 Passengers: 3123 Passengers: 2852 Passengers: 1500 Passengers: 717 Nightclub MediSPA Helsinki-Tallinn Lanemeters: 2000 Tallinn-Helsinki Lanemeters: 1130 Chartered out Lanemeters: 932 Helsinki-Stockholm Lanemeters: 950 Chartered out Lanemeters: 840 Chartered out Lanemeters: 1900 16-25 Tallinn Tallinn National Heritage years 1-10 years Superstar Victoria I Galaxy Silja Serenade Regal Star Stena Superfast VII Tallink Spa & Tallink Express Built: 2008 Built: 2004 Built: 2006 Built: 1990 Built: 1999 Built: 2001/2002 Conference Rooms: 163 Length: 177m Length: 193m Length: 212m Length: 203m Length: 157m Length: 203m 11-15 Rooms: 275 Express Cafe Passengers: 2080 Passengers: 2500 Passengers: 2800 Passengers: 2852 Passengers: 80 Passengers: 717 years Aqua Spa Helsinki-Tallinn Lanemeters: 1930 Tallinn-Stockholm Lanemeters: 1030 Turku-Stockholm Lanemeters: 1130 Helsinki-Stockholm Lanemeters: 950 Paldiski-Kapellskär Lanemeters: 2087 Chartered out Lanemeters: 1900 Tallinn Tallinn

Baltic Princess Romantika Silja Festival Sea Wind Atlantic Vision Isabelle Tallink Hotel Built: 2008 Built: 2002 Built: 1986 Built: 1972 Built: 2002 Built: 1989 World-wide ships age Riga Length: 212m Length: 193m Length: 171m Length: 155.0m Length: 203.3m Length: 171m Ferry ships 24.4 years Rooms: 256 60% of the hotel guests Passengers: 2800 Passengers: 2500 Passengers: 2023 Passengers: 260 Passengers: 728 Passengers: 2480 Cruise 12.5 years Conference arrive with Tallink ships Turku-Stockholm Lanemeters: 1130 Tallinn-Stockholm Lanemeters: 1030 Chartered out Lanemeters: 885 Tallinn-Helsinki Lanemeters: 1100 Chartered out Lanemeters: 1900 Riga-Stockholm Lanemeters: 850 Riga GYM Corporate factsheet www.tallink.com

Financials Our position in the world Share price development 2012 2013 2014 1800 Ferry operator by gross tons The world's top duty free & travel retail shops 2013

Rank Company Gross tons Rank Location Remarks R R Revenue 944 942 921 Cash E U

E U Other 1 Stena Line 878 919 Sales> US$ 1,000.0 million 1600 Intangibles 1.15 Cost of sales 743 752 740 2 Grimaldi Lines 750 089 1 Dubai International Airport, U.A.E. AIRPORT SHOPS Other 1.05

M illion 3 Tallink 537 232 2 Seoul - Incheon Int'l Airport AIRPORT SHOPS Marketing & GA expanses 109 108 112 1400 4 P&O Ferries 436 092 3 Singapore - Changi Airport AIRPORT SHOPS 0.95 EBITDA 166 156 151 Share- 5 Scandlines 363 341 4 London - Heathrow Airport / All Shops, UK AIRPORT SHOPS holders 0.85 TAL1T EBITDA margin 18% 17% 16% 1200 Equity Ferry operator by beds 5 Bangkok - Suvarnabhumi Airport, Thailand AIRPORT SHOPS Rank Company Beds 6 Hong Kong - Hong Kong International Airport AIRPORT SHOPS 0.75 Net Profit 56 43 27 1000 1 Tallink 24 428 Sales> US$ 800.0 million 0.65 Cash flow from operations 163 168 151 2 Viking Line 16 562 7 Shanghai - Pudong Airport, China P.R. AIRPORT SHOPS 0.55 Investments 9 43 49 800 3 Stena Line 15 619 8 Beijing - Capital Airport, China P.R AIRPORT SHOPS 4 Tirrenia 10 442 Sales> US$ 600.0 million 0.45 Loan repayments 119 46 51 5 Grand Navi Veloci 10 434 9 Paris - Charles de Gaulle Airport, France AIRPORT SHOPS 600 Ships Loans 0.35 Cash position 66 72 65 Ferry operator by revenues (mEUR) 10 Frankfurt – Frankfurt-Main Airport, Germany AIRPORT SHOPS Rank Company Revenue 11 Tallink/Silja Line FERRIES 0.25 Total assets 1 741 1 722 1 686 400 1 DFDS Group 1 625 12 Taipei - Taoyuan International Airport, Taiwan AIRPORT SHOPS 2012 2013 2014 Ships 1 510 1 479 1 451 2 Stena Line 1 090 Sales> US$ 300.0 million 200 13 Sao Paulo - Guarulhos Int'l Airport AIRPORT SHOPS Interest bearing loans 840 794 743 3 Tallink 942 4 Scandlines 564 14 Amsterdam - Schipol Airport, Netherlands AIRPORT SHOPS Tallink has been a leading stock on the Baltic market in liquidity, market capitalization and has Shareholders' equity 761 771 778 0 5 Finnlines 505 15 Oslo - Gardermoen Airport AIRPORT SHOPS a retail shareholder base over 11 000 shareholders Assets Liabilities & Equity Source: ShipPax MARKET: 14 Source: Generation Research 2014

Segment result by routes 2014 Passenger revenue Ownership & Management

R Baltic Cruises Holding 17% Sales Result Passengers E U Nordea Bank Finland PLC / Finland-Sweden 3 90.0 83.3 83.6 84.3 2 713 789 81.3 Total non-resident legal entities % 80.0 ING Luxemburg S.A. 7% Estonia-Finland 83 4 518 013 70.0 Infortar 36% State Street Bank and Trust Omnibus fund 2% Skandinaviska Enskilda Banken S.A. 2% 60.0 53.1 52.6 50.0 51.6 JP Morgan Chase London Clients account, Estonia-Sweden 5 973 254 50.0 Onboard Vanguard Marketing Corporation 1% 40.0 33.3 Firebird Republics fund Ltd. 1% 30.5 23% 31.7 29.7 24% Skandinaviska Enskilda Banken Finnish Clients 1% Latvia-Sweden 1 676 676 30.0 H 11 930 shareholders i g 11075 shareholders Luksusjaht AS 1% h Ticket

20.0 s e a s

Others 27 10.0 o n Million Eur

Janek Stalmeister Chairman of the Management Board, CEO 0.0 -25 25 75 125 175 225 275 325 375 Andres Hunt Vice Chairman of the Management Board 2011 2012 2013 2014 Lembit Kitter Member of the Management Board Peter Roose Member of the Management Board The segment result is the result before administrative expenses, financial expenses and taxes Quarterly passenger spending, highs and lows Kadri Land Member of the Management Board

Passengers Cargo units Revenue EBITDA Quarterly seasonality R 944 R 942 R E U E U uni ts 921 M illio n E U 10 d 908 9.3 163 166 M illion M illion 9.1 9.1 156 M illion 8.9 hou sa n 310 814 9 T 223 224 302 224 151 300 8.4 300 800 214 150 145 32 Q4 2.1 283 284 31 8 2.1 2.1 30 2.1 78 259 79 250 272 41 7 2.8 71 70 600 67 282 278 200 6 272 263 78 2.7 2.8 2.7 2.6 200 77 100 69 76 78 77 Q3 150 5 70 73 282 272 278 263 69 202 245 249 247 2.2 400 64 238 223 224 224 100 214 4 183 194 191 188 79 245 249 246 2.3 2.4 2.4 2.4 72 238 3 100 54 76 80 158 50 30 50 1.6 2 200 10 42 46 47 Q2 0 41 1 1.8 2.0 2.0 1.9 1.9 68 67 73 67 77 181 183 194 191 188 Revenue Net proﬁt 27 -50 11 10 0 0 0 0 7 4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 09/10 2011 2012 2013 2014 09/10 2011 2012 2013 2014 09/10 2011 2012 2013 2014 09/10 2011 2012 2013 2014 2011 2012 2013 2014 Typical to the Tallink business model is that most of the result is made in in the summer high season