TALLINK GRUPP                      ANNOUNCEMENT                        30.11.2005



RESOLUTIONS OF THE EXTRAORDINARY GENERAL MEETING OF TALLINK GRUPP 30.11.2005



Increase of share capital



 1. On the basis of Articles 298(1)(2), 338, 341(1), 342, 345(1)  and  347(3)  of

    the Commercial Code, the general meeting resolved:



     1.  To  increase  the  share  capital  of  the  Company  with  supplementary

        contributions by 265,000,000 (two hundred sixty five million)  kroons  by

        issuing 26,500,000 (twenty six million five hundred thousand) new  shares

        with the par value of 10 (ten) kroons each share. The new amount  of  the

        share capital of the Company shall be 1,365,000,000  (one  billion  three

        hundred sixty five million) kroons.

     2. To exclude the pre-emptive right of existing  shareholders  to  subscribe

        for new shares in the course of share  capital  increase.  To  grant  the

        right to subscribe for all new shares to Citigroup Global Markets Limited

        (address c/o Citigroup Centre, Canada Square, Canary  Wharf,  London  E14

        5LB, United Kingdom) for the purpose of conducting the  offering  of  the

        shares announced on November 21, 2005.

     3. The subscription for the new shares by Citigroup Global  Markets  Limited

        shall take place on December 8, 2005 in Tallinn or in London.

     4. The new shares shall be issued at a premium, whereas the  minimum  amount

        of the premium shall be 63 kroons and 50 cents per share. The Supervisory

        Council of the Company shall be entitled to determine a higher amount  of

        premium until the beginning of the subscription.

     5. The new shares shall be paid for by monetary contributions only. The date

        of payment shall be December 8, 2005. The new shares shall be paid for by

        wire transfer to the Company's bank  account  no  10002007779005  at  SEB

        Eesti Ühispank in such way that the  money  is  received  on  the  above-

        referred bank account by the above-referred due date.

     6. The Management Board of the Company shall have the right  to  extend  the

        period of subscription for the new shares or cancel the new  shares  that

        have not been subscribed for  during  the  period  of  subscription.  The

        Management Board may exercise such rights within 15 (fifteen) days as  of

        the end of the subscription period.





Management Board of AS Tallink Grupp