FINNLINES INFORMS

 

FINNLINES Plc Stock Exchange Release 29 December, 2006

FINNLINES INFORMS

Finnlines Plc has today received information according to which Grimaldi Compagnia de Navigazione S.p.A (Grimaldi) has today purchased 1 500 000 shares of Finnlines Plc. After the share purchase Grimaldi Group companies hold in aggregate 20,392,537 shares in Finnlines, representing 50.1 per cent of all shares in Finnlines.

Upon completion of the share purchase Grimaldi Group companies will be obliged to make an unconditional mandatory offer for the remaining shares of Finnlines pursuant to the Chapter 6 Section 10 of the Securities Markets Act. According to the announcement published by Grimaldi Group, the offer consideration in the mandatory tender offer will be EUR 17.00 per share in cash.

Pursuant to the Chapter 6 Section 14 of the Securities Markets Act, the mandatory tender offer shall be published
within one month as of the date when the obligation to make mandatory tender offer arose, i.e. on 28 January 2007 at the latest.

Finnlines Plc

Antti Lagerroos
President and CEO

ENCLOSURE: Stock Exchange Release 29 December 2006,
Grimaldi Group

DISTRIBUTION Helsinki Stock Exchange
Main Media

STOCK EXCHANGE RELEASE December 29, 2006 10.45 AM

GRIMALDI GROUP PUBLISHES ITS OBLIGATION TO MAKE MANDATORY
TENDER OFFER FOR ALL SHARES IN FINNLINES PLC - GRIMALDI
COMPAGNIA DI NAVIGAZIONE S.P.A.'S COMPENSATION OBLIGATION

Grimaldi Compagnia di Navigazione S.p.A. ("Grimaldi") has
today purchased a total of 1,500,000 shares in Finnlines Plc
("Finnlines"). The purchase price paid for the shares is EUR
17.00 per share. After the share purchase Grimaldi Group
companies hold in aggregate 20,392,537 shares in Finnlines,
representing 50.1 per cent of all shares in Finnlines.

Subsequent to the share purchase, Grimaldi Group companies'
holding exceeds one half (1/2) of the votes in Finnlines.
Upon completion of the share purchase Grimaldi Group
companies will be obliged to make an unconditional mandatory
offer for the remaining shares of Finnlines pursuant to the
Chapter 6 Section 10 of the Securities Markets Act. The
offer consideration in the mandatory tender offer will be
EUR 17.00 per share in cash.

Pursuant to the Chapter 6 Section 14 of the Securities
Markets Act, the mandatory tender offer shall be published
within one month as of the date when the obligation to make
mandatory tender offer arose, i.e. on 28 January 2007 at the
latest.

GRIMALDI COMPAGNIA DI NAVIGAZIONE S.P.A.'S COMPENSATION
OBLIGATION
Grimaldi's voluntary tender offer for all shares in
Finnlines ("Tender Offer") commenced on 27 October 2006 and
ended on 1 December 2006. The offer consideration for each
share in the Tender Offer was EUR 15.95 in cash.

Since Grimaldi has today acquired Finnlines' shares at a
higher price than the offer consideration in the Tender
Offer, Grimaldi is obliged to pay compensation pursuant to
the Chapter 6 Section 13 of the Securities Markets Act to
those Finnlines' shareholders who have accepted the Tender
Offer. The amount of compensation will be EUR 1.05 per share
which equals to the difference between the offer
consideration in the Tender Offer and the higher price paid
after the Tender Offer. The compensation shall be paid to
those shareholders who have accepted the Tender Offer within
one month as of the date when the compensation obligation
arose i.e. on 28 January 2007 at the latest.

Grimaldi Compagnia di Navigazione S.p.A.

BOARD OF THE DIRECTORS

Further information:
Emanuele Grimaldi, Managing Director, Grimaldi Group,
Phone: +39 081 496460

Minna Avellan, Account Executive, Hill and Knowlton Finland
Ltd, Phone: +358 9 3486 1209

Further information on the transaction:
Esa Pensala, Director, Evli Bank Plc, Corporate Finance,
Phone: +358 9 4766 9786
DISTRIBUTION
Helsinki Stock Exchange
Main media
Grimaldi Group is one of the world's largest privately owned
shipping companies. The Group, founded in 1945, by the
Grimaldi family, who are still active in the company, is a
specialist in the roll on/roll off method of shipment and
currently owns one of the largest fleets of ro/ro
multipurpose and car carrier vessels in the world.
The Grimaldi Group, with a fleet of 56 owned vessels, offers
regular liner services covering North Europe, the
Mediterranean, West/Central Africa and North/South America
for the transport of cars, vans, trucks and other commercial
vehicles, all types of containers, general cargo (paper,
forestry products, etc.), project cargo and passengers.
The Grimaldi Group includes the following companies:
Grimaldi Compagnia di Navigazione S.p.A., Atlantica S.p.A.
di Navigazione, Industria Armamento Meridionale S.p.A.,
Atlantic Container Line AB and Malta Motorways of the Sea
Ltd. The Grimaldi Group has an annual turnover of EUR 1.3
billion and it employs approximately 2,300 persons.
This stock exchange release must not be released or
distributed in whole or in part in or into the United
States, Canada, Japan or Australia. This stock exchange
release is neither an offer to purchase nor a solicitation
for an offer to sell shares, and the tender offer will not
be made directly or indirectly in the United States, Canada,
Japan or Australia or any other jurisdiction where such an
offer would violate laws of that jurisdiction. This stock
exchange release and tender offer will not and may not be
distributed, forwarded or transmitted in any way, such as by
post, fax, email or telephone, or in any other way to or
from areas where it would violate the law.