Nordecon

Regulatory Filings • Jul 26, 2021

Company	Nordecon AS
Type	Company Release
Category	Other corporate action
Disclosure time	26 Jul 2021 14:50:00 +0300

Currency

Construction contract (Vektor commercial and residential complex) Title

Nordecon AS entered into an agreement with P137 OÜ, a company majority owned by Triple Net Capital OÜ, for the design and construction of apartment buildings with commercial premises in Tallinn, Pärnu mnt 137, within the framework of the Vektor development project. A tower house with one 16-storey and one 12-storey tower with 200 apartments and 320 parking spaces with a 1,500 sqm roof garden on the roof of the parking house will be built on the property. The buildings are designed to meet the requirements of the LEED GOLD certificate and the gross area of the complex is 38,000 sqm.

The total value of the contracts is close to EUR 38 million, plus VAT, and the project is scheduled to be completed by the end of 2023.

Nordecon (www.nordecon.com

(https://www.globenewswire.com/Tracker?data=kHCW_vZ5GZh7RO8L1bCpI4LelPIGhcZHTZho 2AbGuDQzvXAZdTrydt08HzjaTChDr3sWVTRBfGFp6Kcttcs88g==)) 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, Sweden, Finland and Ukraine. The parent of the Group is Nordecon AS, a company registered and located in Tallinn, Estonia. The consolidated revenue of the Group in 2020 was 296 million euros. Currently Nordecon Group employs 675 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 (https://www.globenewswire.com/Tracker?data=1n19EvBB6LNEKZTAyjn-I0v8 zfTQnRJNKneDibdAGSd2UseG1bRRQl4XuTpPT9nDJV1AQcVyRBpUtmPrpC5WSoFXkucKjCPr2KgqTL4P m1T3o9ww_TwZGSyyWUKDHoG) (https://www.globenewswire.com/Tracker?data=pNl2Y-

xcmi9JQXaQEHdtXxjP89s2fX0FhyvUUa5ushtgyIdQu3Tus0UzmzlOGdBFlNnK6pwQfaosk28KssLrTw

Finantsinspektsioon http://www.fi.ee

==)www.nordecon.com (https://www.globenewswire.com/Tracker?data=kHCW_vZ5GZh7RO8L1bCpI45um7AWmY22cCBZ L9PeWLwI2eSVO7FzW6lIzLEir_cECKdblba1Nu1e0w2FCeB6OQ==)

Finantsinspektsioon http://www.fi.ee