Viking Line Abp, the International Transport Workers' Federation and the
Finnish Seamens' Union have today agreed to settle their dispute as to the
right of the ITF and FSU to take industrial action and/or to persuade others to
take industrial action to deter the reflagging of the vessel ‘Rosella' from the
Finnish flag to the Estonian or other flag of a Member State of the European
Communities and to prevent Viking from negotiating rates of pay and crew
conditions other than with the FSU. These matters became the subject of legal
proceedings in the Finnish courts and later became the subject of proceedings
in London and before the European Court of Justice in Luxembourg in which
Viking sought declaratory and injunctive relief and damages against the ITF and
FSU.
Accordingly all legal proceedings relating to these disputes have been
discontinued.
The transactions related to this settlement, which is confidential, do not
adversely impact on Viking Line Abp result and have no material affect on the
value of the shares of Viking Line Abp.
Viking Line Abp
Nils-Erik Eklund
Managing director
