Construction contract in Estonia (Rail Baltica main line Tallinn-Pärnu section)

Rail Baltic Estonia has announced that in the public procurement "Rail Baltica
Ülemiste-Pärnu, Pärnu-Latvian border mainline design and build (Alliance)" with
reference number 284278, the alliance, which includes AS Merko Ehitus Eesti,
part of the AS Merko Ehitus group, and GRK Eesti AS, GRK Suomi Oy, NGE
Contracting, Sweco Finland Oy, Sweco Sverige AB and TSO SAS, was declared
successful in Part 1 or Alliance 1.

The cost of the design and construction of Alliance 1 by the client's
expectations is 394 million euros. This includes the superstructure of the
Ülemiste-Pärnu section of the railway and the substructure of the Tootsi-Pärnu
section. We will publish a separate stock exchange announcement about the
conclusion of the contract and its final terms.

AS Merko Ehitus Eesti (merko.ee (https://merko.ee/en/)) is a recognised Estonian
construction company, which offers construction services in general
construction, civil engineering and residential construction.

Additional information: AS Merko Ehitus Eesti, member of the Management Board,
Mr. Veljo Viitmann, phone: +372 680 5105.

Urmas Somelar
Head of Finance
AS Merko Ehitus
+372 650 1250
[email protected] (mailto:[email protected])

AS Merko Ehitus (group.merko.ee (https://group.merko.ee/en/)) group companies
construct buildings and infrastructure and develop real estate. We create a
better living environment and build the future. We operate in Estonia, Latvia,
and Lithuania. As at the end of 2024, the group employed 605 people, and the
group's revenue for 2024 was EUR 539 million.