Construction contract (Tallinna Vesi building)

Nordecon  AS and AS Tallinna Vesi have signed a contract for the construction of
an  additional building and infrastructure at the Ülemiste Water Treatment Plant
site  in Tallinn. The total contract value  is 11.8 million euros, plus VAT, and
the works will be completed in 2027.

Nordecon  (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 2025 was 208 million euros. Currently Nordecon Group employs close 430
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)