Construction contract (Defence-related facilities)

Nordecon  AS  and  its  subsidiary  Embach  Ehitus  OÜ  as joint bidders and the
Estonian  Centre for Defence  Investments have signed  a contract for the design
and  construction of defence-related facilities. The contract is valued at 34.3
million  euros,  plus  VAT,  and  the  construction will be completed within 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
consolidated  revenue  of  the  Group  in  2024 was 224 million euros. Currently
Nordecon  Group employs close 411 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)