March, 22. 2006
Acquisition of three new Superfast ferries (22/3/2006)
AS Tallink Grupp is pleased to announce that it has contracted through some of its subsidiaries to buy from Attica Holdings S.A, three Ro-Pax vessels SUPERFAST VII, SUPERFAST VIII, and SUPERFAST IX for a total cash consideration of Euro 310 million. Pending legal and
regulatory procedures the transaction will close in April 2006, after which AS Tallink Grupp will announce additional information about the transaction.
The acquired new vessels will start to operate between Estonia-Finland and Estonia-Germany. The Estonia-Finland route allows us to meet the growing cargo demand. The Germany route creates for Tallink new opportunities for growth development and an opportunity to enter the central
European market. The German route offers a great link for Estonian tourists and cargo transport and also for German and other Central European countries an opportunity to visit Estonia as an attractive tourist destination.
Mr. Enn Pant, CEO of AS Tallink Grupp said today: Both the launching of the Riga-Stockholm route in April and todays acquisition allowing us to launch a route to Germany, is part of Tallinks ongoing aggressive strategy whereby we create new traveling opportunities to new destinations and at the same time insure the companys strong future development perspective.
The vessels are all built in 2001 and 2002 and are over 200m in length. All are ice-class vessels and can take over 700 passengers and 2 km. of cars and cargo. The vessels have a speed of more than 30 knots. All vessels are practically brand new and can cover the distance between Estonia and Germany in under 24 hours.
For further information:
AS Tallink Grupp
Tel: +372 6409 800
Investor Relations Manager
AS Tallink Grupp
tel.: +372 6 409 800
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