TALLINNA SADAM                STOCK EXCHANGE RELEASE           19.01.2005

    

Replacement of a member of the Supervisory Board of Tallinna Sadam (amended)



With directive no. 21 of the Minister of Finance dated 19.01.2005 Erki Uustalu

was removed from the position of the member of the Supervisory Board of AS

Tallinna Sadam and Kaie Karniol was appointed the new member of the Supervisory

Board of AS Tallinna Sadam.



Kaie Karniol



EDUCATION

Tallinn Technical University, business administration, economist



CAREER

Since Oct 2004 - Ministry of Finance, Public Governance Policy Department, Head

of Department

1999-09.2004 - State Audit Office, Financial Auditing Department, chief auditor





Erik Sakkov

Marketing Director

+372 631 8067