Construction contract (Estonian Public Broadcasting’s new TV house)

Nordecon  AS and Eesti Rahvusringhääling  (Estonian Public Broadcasting) entered
into  a contract for the construction of the new TV house in Tallinn, located at
F.R.  Kreutzwaldi  tn  14 /  Gonsiori  tn  21. The  new television building is a
multifunctional structure with up to six above-ground floors and one underground
parking  level. It  compactly and  functionally integrates,  among other things,
studios of different sizes, storage rooms and workshops for decorations, various
types  of television  technology units,  and office  spaces. The total net floor
area of the building is 17,000 sqm.

The  total  cost  of  the  contract  is 40.1 million euros including reserve and
excluding VAT, and the works will be completed in 36 months.

Related  public procurement  preferred bidder  announcement has  been previously
published                  on                  16 October                  2024
(https://view.news.eu.nasdaq.com/view?id=ba3dde208302af1bd32a78c9134bb9e7e&lang=
en).

Nordecon (www.nordecon.com (http://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  close  to  440 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)