TALLINNA SADAM                 RELEASE                          14/03/2005



PAYMENT OF INTERESTS ON BONDS



AS Tallinna Sadam will pay interest on its bonds (EE3300063130) listed on the

Tallinn Stock Exchange in the amount of EEK 340 per bond on 21 March 2005.

Interest will be paid to persons who were the owners of the bonds on March 19,

2005 at 8.00 a.m. according to the information of the Estonian Central Register

of Securities. Interest will be paid by bank remittance to the bank accounts

related to the securities accounts of the entitled persons.

Income tax will be withheld from the interest payments to non-residents or

resident natural persons as prescribed by the applicable legislation.





Tiina Liitmäe

senior specialist

+372 631 8066