Nordecon

Regulatory Filings • Jul 20, 2021

Company Type Category Disclosure time Nordecon AS Company Release Other corporate action 20 Jul 2021 11:40:41 +0300

Currency

Construction contract (IKEA Tallinn store road infrastructure) Title

Nordecon AS, the Estonian Transport Administration and Viljandi Real Estate OÜ entered into an agreement for the construction of the IKEA Tallinn store infrastructure, within which a light traffic road on Kangrumäe Road, accesses to the IKEA Tallinn store territory and a new roundabout on Kurna-Tuhala Road will be built.

The cost of the works is close to 3.5 million euros, plus VAT, and they will be completed in June 2022.

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=pNl2Yxcmi9JQXaQEHdtXxjP89s2fX0FhyvUUa5ushtgyIdQu3Tus0UzmzlOGdBFlNnK6pwQfaosk28KssLrTw ==)www.nordecon.com (https://www.globenewswire.com/Tracker?data=kHCW_vZ5GZh7RO8L1bCpI45um7AWmY22cCBZ

L9PeWLwI2eSVO7FzW6lIzLEir_cECKdblba1Nu1e0w2FCeB6OQ==)

Finantsinspektsioon http://www.fi.ee

Finantsinspektsioon http://www.fi.ee