Launch of the Leedri apartment development project (Tartu county, Estonia)

OÜ Merko Kodud, part of the AS Merko Ehitus group, has decided to launch the
first phase of the Leedri development project in Tartu municipality. The entire
development project includes the construction of 144 apartments in six apartment
buildings. As the first phase, two apartment buildings with a total of 48
apartments will be completed in May 2027 at Leedripuu 1 and Leedripuu 2.

The Leedri (merko.ee/leedri (http://www.merko.ee/leedri)) three-storey apartment
buildings will have an energy class A rating. The size of the apartments ranges
from 44 to 102 square meters, and prices per square meter start at 2,830 euros.
Merko will construct parking spaces and landscaping around the buildings.

OÜ Merko Kodud (merko.ee/kodud (https://www.merko.ee/en/kodud/)) is Estonia's
best-known and most trusted residential real estate developer. To ensure the
best quality, convenience and assurance for home buyers, Merko manages all
phases of the development: planning, design, construction, sales and warranty
service.

Additional information: CEO of OÜ Merko Kodud, Mr. Indrek Tarto, 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.