Construction contract (Cristella VT project management)

AS  Nordecon group company  Embach Ehitus OÜ  and Cristella VT  OÜ have signed a
project  management agreement for overseeing the design and construction work of
Cristella's  technological warehouse  in Võru.  The estimated  cost of  the work
under  the management agreement is approximately 4 million euros, excluding VAT.
The works will be completed in November 2025.

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  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)