Construction contract in Latvia (Augstkalni wind farm foundations, electrical cables and roads)

On  10 July 2025 PS MB.MS, a  joint venture entity of  UAB Merko Statyba and SIA
Merko  B?ve, both fully owned subsidiaries of AS Merko Ehitus group, and SIA WPR
2, a  fully owned subsidiary of SIA Za?? Elektr?ba, entered into the contract to
perform  the construction of foundations for 16 wind turbines, electrical cables
and roads in a windfarm located in the Smiltene parish in Latvia.

The  contract value  is above  EUR 30 million  euros, plus  value added tax. The
project is scheduled to be completed in the second quarter of 2027.

UAB  Merko Statyba (merko.lt  (http://merko.lt/en/)) is  Lithuanian construction
company,   which   offers   construction  services  in  the  fields  of  general
construction and residential construction and has become as a leading builder of
wind turbine foundations. With more than 200 foundations installed and a team of
sector-specialised professionals, the company can successfully deliver wind farm
construction projects across the Baltic states.

Additional  information:  UAB  Merko  Statyba,  Construction Director Mr. Jaanus
Rästas, phone: +370 6875 0680.

SIA  Merko  B?ve is  Latvian  construction  company,  which  offers construction
services in the fields of general construction and residential construction.

Additional information: SIA Merko B?ve, Member of the Board Mr. J?nis Zilgme, e-
mail: [email protected] (mailto:[email protected]).

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.