Construction contract (Construction of Veskitammi traffic junction)

AS Nordecon, the Estonian Road Administration and Saue municipal government have entered into a construction contract for Veskitammi traffic junction in Laagri on the outskirts of Tallinn, which involves:
•           renovating the main highway (no. 4) between the 13.0 and 13.7 km marks coming from the city and between the 13.0 and 13.6 km marks going towards the city;
•           reconstructing Vanasilla, Nõlvaku and Seljaku streets;
•           constructing tunnels for light traffic under the main highway, Veskitammi Street and railroad, with all the necessary communication systems;
•           constructing completely new Jälgimäe-Topi and Urda sideroads;
•           installing a piping system for rainwater, sewage water, drainage, pressure sewage, water and gas; and
•           establishing power lines, telecommunication systems and outdoor lighting.

The cost of the project is around 6 million euros plus VAT. Construction is set to begin in March this year and is scheduled to be completed in November 2019.

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, Finland and Sweden. The parent of the Group is Nordecon AS, a company registered and located in Tallinn, Estonia. The consolidated unaudited revenue of the Group in 2017 was 231 million euros. Currently Nordecon Group employs close to 740 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: andri.hobemagi@nordecon.com
www.nordecon.com