AS Tallink Grupp                Stock Exchange Release                  19.12.2005



Ordering new vessel



AS Tallink Grupp decided to use the rights derived from the  option  agreement  of

the cruise ferry Galaxy currently in construction. In reference to the  above  the

Finnish shipyard Aker Finnyards OY and AS  Tallink  Grupp  signed  a  shipbuilding

contract on 17.12.2005. According to the contract the new cruise ferry, sister  to

the Galaxy, will be delivered by summer 2008. By  most  of  the  details  the  new

cruise ferry ordered will be similar to the Galaxy  which  will  be  delivered  in

spring 2006 although with a speed of 24.5 knots  the  new  cruise  ferry  will  be

faster than Galaxy which has speed of 22 knots. The price  of  the  new  ferry  is

approximately EUR 165 million of which 20% will be paid  during  the  construction

period and 80% will be paid on delivery. Similarly to the  previous  ferry  orders

of Tallink the payments during the construction are planned to  be  financed  from

the own equity and the majority,  which  is  to  be  paid  on  delivery,  will  be

financed by long time debt.



The qualities and the speed of the new cruise ferry will make the vessel  suitable

for operation on all of the routes in the Northern Baltic Sea (including Helsinki-

Stockholm, Riga - Stockholm,  Tallinn  -  Stockholm,  Helsinki  -  Tallinn  -  St.

Petersburg, Tallinn-Helsinki etc.).  To  take  into  consideration  the  different

possibilities of the market development during the next 2.5 years when  the  ferry

is being built AS Tallink Grupp does not want to assure in more detail  the  route

that will be operated by the new cruise ferry. There are  possibilities  for  many

scenarios both on the current routes as  well  as  on  the  potential  new  routes

including the replacing of some of the current vessels and the further  switch  of

the rest of the fleet between the routes resulting from this.



We believe that we can improve the range and quality of the  services  offered  to

our passengers and that we can further strengthen the competitiveness  of  Tallink

with the new cruise ferry ordered.





Management Board of AS Tallink Grupp