Construction contract (Apartment building in Ovruch, Ukraine)

Nordecon  AS, together with its subsidiary Eurocon Ukraine TOV as joint bidders,
and  the Estonian  Centre for  International Development  (ESTDEV) have signed a
construction  contract for  the reconstruction  of a  building into an apartment
complex  for internally displaced  persons in Ovruch,  Zhytomyr Oblast, Ukraine.
The  contract value is 1.8 million euros,  plus VAT, and the construction period
is 275 days.

Nordecon  (www.nordecon.com)  is  a  group  of construction companies whose core
business  is  construction  project  management  and  general contracting in the
buildings  and  infrastructures  segment.  Geographically  the Group operates in
Estonia,  Ukraine and Sweden. The parent of  the Group is Nordecon AS, a company
registered  and located  in Tallinn,  Estonia. The  consolidated revenue  of the
Group  in  2023 was  278 million  euros.  Currently  Nordecon Group employs 430
people. Since 18 May 2006 the company's shares have been quoted in the main list
of the Nasdaq Tallinn Stock Exchange.

Andri Hõbemägi
Nordecon AS
Head of Investor Relations
Tel: +372 6272 022
E-mail: [email protected] (mailto:[email protected])
www.nordecon.com (http://www.nordecon.com)