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Silja Opera News

03 Jul 2002

Sea Containers Acquires Part of Silja

Sea Containers Ltd. passenger transport operator, marine container lessor and leisure industry investor, today announced that it has increased its shareholding in Silja Oyj Abp from 50 percent to 75.32 percent effective June 20, 2002 through the issue of 2,474,196 Sea Containers Class A common shares in payment for the Silja shares acquired. The increase in share capital is expected to be anti-dilutive. On June 25, 2002 a Sea Containers subsidiary, Silja Holdings Ltd., announced that it had launched a tender offer for the remaining shares in Silja Oyj Abp as well as for Silja’s outstanding Convertible Bonds which have a par value of Euro 55.5 million. The offer is Euro 2.25 for each common share and 92.4% of the par value of the bonds.

04 Nov 2005

Sea Containers to Restructure Ferries Division

its ferries division and other matters. Background The company's ferries business is composed of three units. ferries, ro-pax ships, fast ferries and cruise ships. European waters other than in the Baltic. Manhattan. services to Estonia, the unsuccessful m.v. the Swedish market introduced by competitors. reputation for quality, with its core business remaining profitable. large measure to high fuel prices. recover the extra cost through fuel surcharges. earnings. capacity and reduced profits from low tax merchandise sales. Channel. loss in 2005 due largely to high fuel costs. such increases to a certain level before switching to cars, buses and trains. eliminate or greatly reduce the operating losses being incurred. to buy the business. controlled auction of Silja.

12 Feb 2003

Marttinen Appointed President at Deltamarin

Vesa Marttinen, M.Sc. (Nav. Arch.) has been appointed as the new President of Deltamarin Engineering, Inc. in Fort Lauderdale. Deltamarin Engineering, Inc. is the sister company of the Finnish consulting and engineering company Deltamarin Ltd. Marttinen comes from the Finnish ferry company Silja Line, where he held several positions. Most recently, he was responsible for the conversion and refurbishment of Silja Opera into a new type of Baltic Cruise Vessel concept.