Construction contract (Tapa Army Base Barracks)

AS  Nordecon  and  the  Estonian  Centre  for  Defence Investments have signed a
contract  for  the  design  and  construction  of a barracks intended for allied
forces  in the Tapa Army Base. The contract is valued at 5.3 million euros, plus
VAT, and the building is scheduled for completion in the spring of 2026.

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)