The Company plans to use the proceeds to strengthen the capital structure as well as the financial and liquidity position of the Company, which have been impacted by the exceptional circumstances caused by the Covid-19 pandemic. Further, the aim of the Offering is to support the execution of Viking Line’s strategy and potential for continuation of profitable growth in the post-pandemic environment. The Offering is also carried out to fulfil certain obligations included in the Company’s financing agreements, including with respect to the financing of VIKING GLORY.

The Offering in brief

• Viking Line aims to raise gross proceeds of approximately EUR 52 million by offering up to 6,480,000 Offer Shares for subscription in the Offering with pre-emptive rights for existing shareholders in Viking Line.

• Shareholders of Viking Line will receive one (1) subscription right (“Subscription Right”), in the form of a book-entry, for each share of the Company held on the record date 1 December 2021 (the “Record Date”).

• Each five (5) Subscription Rights entitle to subscribe for three (3) Offer Shares at the subscription price.

• The subscription price is EUR 8.00 per Offer Share (the “Subscription Price”).

• The first trading date without Subscription Rights is 30 November 2021.

• The subscription period for the Offer Shares commences on 7 December 2021 at 9.30 a.m. Finnish time and ends on 21 December 2021 at 4.30 p.m. Finnish time.

• The Subscription Rights are freely transferable, and they are expected to be subject to trading on Nasdaq Helsinki Ltd (“Nasdaq Helsinki”) between 7 December 2021 and 15 December 2021.

• The Offering is supported by irrevocable shareholder undertakings from major shareholders totalling approximately 54% of the shares in the Offering.