Tallinn Stock Exchange                  TRADING                        08.12.2005



ABOUT LISTING OF SHARES OF AS TALLINK GRUPP



According to the listing decision made by Tallinn Stock Exchange Listing and

Surveillance Committee on November 20, 2005, the existing 110,000,000 shares of 

AS Tallink Grupp are listed in the Main List of Tallinn Stock Exchange after the 

following conditions are met:



- the Extraordinary General Meeting  of shareholders of AS Tallink Grupp has 

decided to issue the New Shares as stated in the Terms and Conditions of the 

Offering;

- the Offering has been completed according to the principles described in the 

offering prospectus and the results of the offering are disclosed;

- the Offer Shares have been transferred to the securities accounts of new 

investors in Estonian CSD;

- after the Offering at least 25% of the share capital represented with the 

shares of the company is in the public hands (incl. professional investors who 

participate in the Institutional Offering and will be allocated less than 5% of 

the total number of shares);

- the company has concluded a market making agreement with a trading member of 

TSE that will provide sufficient liquidity for the listed shares during a period 

of at least 1 year after the shares are admitted to trading. The spread between 

the buy and sell offer price should not exceed 1% and the size of such buy and 

sell orders should be at least 2000 shares;

- after meeting the aforementioned conditions, the company has submitted the 

respective report to TSE.





The requirements set in the conditional listing decision of November 20, 2005 

are met as of December 08, 2005. The issue of the New Shares has been decided, 

the Offering has been completed, the Offer Shares are transferred to the 

securities accounts and the required free float has been reached. AS Tallink 

Grupp and AS Suprema Securities have concluded a market making agreement 

that stipulates the 1% maximum spread between the buy and sell offer price 

and the size of such buy and sell orders not less than 3000 shares. The term 

of the agreement is 1 year.



On the basis of the referred decision, the 110,000,000 shares of AS Tallink 

Grupp are listed in the Main List of Tallinn Stock Exchange as of tomorrow, 

December 09, 2005.



Up to 26,500,000 additionally issued shares of AS Tallink Grupp will be listed 

after meeting the conditions set for listing those shares.





Information related to AS Tallink Grupp in the trading system:

Issuer's full name - AS Tallink Grupp

Issuer's short name - TAL

Instrument and orderbook short name - TAL1T

Orderbook number - 32442

List - Main List

Minimum quantity - 1

Standard quantity - 3000

Number of listed shares - 110,000,000

ISIN - EE3100004466





To provide the investors with faster opportunity to follow the trading 

information of AS Tallink Grupp shares, Tallinn Stock Exchange opens a 

dedicated web-page tomorrow morning at <a href='http://tallink.omxgroup.ee' target='_blank'>http://tallink.omxgroup.ee</a> which 

contains real-time trading information of AS Tallink Group shares. 

The page is open until 16th of December. 15 minutes delayed information 

regarding all listed companies is available at the Baltic Market Data 

website at <a href='http://market.ee.omxgroup.com/' target='_blank'>http://market.ee.omxgroup.com/</a>





Tallinn Stock Exchange

Market Services

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