Tallink Grupp

Date: 29.09.2008 - 17:22 (GMT+2) , Exchange: TLN , Company: Tallink Grupp
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TAL: Tallink starts to operate 4th hotel in Tallinn

Tallink Grupp                   Company Announcement                  29.09.2008

Tallink starts to operate 4th hotel in Tallinn

OÜ TLG Hotell, a subsidiary of AS Tallink Grupp has signed a rental agreement   
with OÜ Hansa Hotell to rent the 163-room Express Hotel in Tallinn port area.   
According to the agreement Tallink will start to operate the hotel from January 
2009. The monthly rental payment will be EUR 62.5 thousand (EEK 980 thousand).  
The agreement and start of operations will be subject to the approval from the  
Competition Authority.                                                          

The Express Hotel is located just next to the Tallink Spa & Conference Hotel    
giving therefore good possibilities for synergies between the two hotels.       
Express Hotel will be the fourth hotel in the Tallink Hotels chain. The total   
amount of hotel rooms offered by Tallink will exceed one thousand.              

The transaction will not have a significant effect to the consolidated accounts 
of AS Tallink Grupp.                                                            

This is a related party transaction according to the Stock Exchange rules. OÜ   
Hansa Hotell is owned 50% by AS Infortar which is the main shareholder of AS    
Tallink Grupp and 50% by E.L.L. Kinnisvara which is not a related party.        


Janek Stalmeister                                                               
AS Tallink Grupp                                                                
Financial Director                                                              
Tel: +372 6409 800                                                              
Fax: +372 6409 810                                                              
e-mail: janek.stalmeister@tallink.ee



1. hotell eng.pdf 
   (https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=199022)