Construction contract (Päädeva–Orgita and Haimre road sections and traffic junction)

AS  Nordecon group company Tariston AS and the Estonian Transport Administration
have  concluded  a  contract  for  the  construction  of the Päädeva-Orgita road
section  located at  kilometres 62.2-64.8 and  Haimre traffic  junction and road
section  at kilometres  68.2-70.2 of National  Road 4 (E67),  also known  as the
Tallinn-Pärnu-Ikla  highway, upgrading them  to a 2+2 lane  road. As part of the
project,  the Orgita  and Haimre  viaducts, one  pedestrian tunnel, two wildlife
crossings,  and  one  livestock  tunnel  will  be  built.  In  addition, various
collector  and connecting roads are planned  to link existing roads and adjacent
areas to the national highways.

The  cost of the contract is 27.78 million euros plus value added tax. The works
will be completed in September 2027.

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  to  425 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)