Core Points - TS Shipping OÜ has appointed Margus Raad as a new Member of the Management Board, effective from January 15, 2026, for a term of three years, focusing on international business development and sales [1][2] - Valdo Kalm, Chairman of the Supervisory Board, emphasized Raad's extensive maritime and management experience, which will aid in implementing TS Shipping's strategy and identifying suitable offshore projects for the vessel Botnica [2] - Margus Raad has a background in nautical sciences from the Estonian Maritime Academy and has held various positions in the maritime sector, including CEO of Tschudi Ship Management AS since 2012 [3] Company Overview - Tallinna Sadam is one of the largest cargo and passenger port complexes in the Baltic Sea region, providing passenger and freight services [5] - The Tallinna Sadam group operates in the shipping business through subsidiaries, including OÜ TS Laevad for ferry services and OÜ TS Shipping, which charters the multifunctional vessel Botnica for icebreaking and offshore services [5] - The group also has a stake in AS Green Marine, which offers waste management services [5]

Group 1 - TS Shipping OÜ has recalled Damir Utorov from the Management Board effective from 30.11.2025, after he joined the company in May 2013 and served as a board member since July 2023 [1][2] - The Supervisory Board expressed gratitude for Utorov's contributions, particularly in chartering the multifunctional icebreaker Botnica and establishing international contacts [2] - TS Shipping is in the process of recruiting a new member for its Management Board, which currently consists of two members, including Chairman Vahur Ausmees [2] Group 2 - Tallinna Sadam is one of the largest cargo and passenger port complexes in the Baltic Sea region, operating through subsidiaries that provide various shipping and ferry services [3] - OÜ TS Laevad offers ferry services between the Estonian mainland and its largest islands, while OÜ TS Shipping charters the icebreaker Botnica for icebreaking and offshore services [3] - The Tallinna Sadam group also holds a stake in AS Green Marine, which specializes in waste management services [3]