Construction contract (Võru Kindergarten Punamütsike)

AS  Nordecon group company  Embach Ehitus OÜ  and Võru City  Government signed a
contract  for the construction of Kindergarten Punamütsike located at Vilja 10,
Võru.  The total value of the contract is 6.37 million euros without VAT and the
works will be completed in 14 months.

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 unaudited
consolidated  revenue  of  the  Group  in  2024 was 224 million euros. Currently
Nordecon  Group employs close 435 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)