Nordecon

Board/Management Information • Nov 7, 2024

Changes in the Management Board of Nordecon AS

At a meeting of the Supervisory Board of Nordecon AS held on 6 November 2024, it
was decided that as of 1 January 2025, Priit Luman will be recalled from his
position as a member of the Management Board, and Deniss Berman will be
appointed as a new member of the Management Board, responsible for sales and
pre-construction at Nordecon AS. Priit Luman will continue as the head of
Nordecon AS's foreign markets.

Deniss Berman graduated from Tallinn University of Applied Sciences in building
construction and holds a master's degree in environmental engineering from
Tallinn University of Technology. Previously, Deniss worked in various roles in
construction companies in both Estonia and Latvia. Since 2015, he has been with
Nordecon AS, serving as a project manager and later as head of the HVAC
department, and head of the budgeting and special works division. Deniss holds a
level 8 professional qualification as an authorized heating, ventilation, and
cooling engineer and is a member of the Estonian Society of Heating and
Ventilation Engineers. Deniss Berman does not hold shares in Nordecon AS.

As of 1 January 2025, the Nordecon AS Management Board will consist of three
members: Maret Tambek (Chair), Tarmo Pohlak (Head of Construction), and Deniss
Berman (Head of Sales and Pre-construction).

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 2023 was 278 million euros. Currently
Nordecon Group employs close to 440 people. Since 18 May 2006 the company's
shares have been quoted on 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)