AS TALLINK GRUPP          ANNOUNCEMENT              21.11.2005



EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS



The management board of  AS Tallink Grupp  (located  at  Tartu 

mnt. 13, Tallinn) hereby informs of an  extraordinary  general 

meeting of shareholders that will be held  on 30 November 2005 

in Tallinn on cruise  ferry  Victoria I,  starting  at  12.00. 

The boarding to the ship shall  be through  D  Terminal of the 

Tallinn Port (Tallinn, Lootsi str 13). Registration will start 

at 11.30.



Agenda of the general meeting:



1. Increase of the share capital

Due  to the need for additional capital and in order to expand

its  shareholder base AS Tallink Grupp would like to offer its

shares  to  the  public in Estonia and in  Finland  through  a

public  offering and to international institutional  investors

through  a  private placement.  In connection with the  above-

referred  offering the company intends to  issue  26  500  000

additional  new shares with the nominal value of EEK  10  each

share. The new amount  of  the  share  capital  shall  be  EEK

1 365 000 000. It is intended that a proposal will be made  to

the  shareholders  to  exclude  their  pre-emptive  right   to

subscribe  for  the  new  shares and to  grant  the  right  to

subscribe  for  the new shares to the managers  of  the  above

offerings  for  the purpose of conducting the  offerings.  The

subscription for new shares will take place on 8 December 2005

in Tallinn or in London.



For the registration of participants at the general meeting we

would request:



all  physical persons to present a passport and,  in  case  of

representatives, also a power of attorney;

all  persons representing legal persons according  to  law  to

present  the  passport and valid excerpt from  the  Commercial

Register  (the  B-card  of the commercial  register)  and  all

persons  representing the legal persons  under  the  power  of

attorney   to  present,  in  addition  to  the  abovementioned

documents, also a power of attorney.





Management board of AS Tallink Grupp