TALLINNA SADAM           STOCK EXCHANGE RELEASE         19.01.2005



Replacement of a member of the Supervisory Board of AS Tallinna Sadam (Port of Tallinn)



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, Head of Public Governance Policy Department,

Ministry of Finance, was appointed the new member of the Supervisory Board of AS

Tallinna Sadam.





Erik Sakkov

Marketing Director

+372 631 8067