AS MERKO EHITUS ANNOUNCEMENT 10.01.2007 Concluding a contract On January 10th 2007 AS Merko Ehitus / AS Terrat / AS Amaks and AS Matsalu Veevärk concluded a contract regarding the design- and construction works of the pipelines and sewerage project of the Matsalu sub-river basin (a sub-project of AS Matsalu Veevärk)” Parts 2 and 4. Prices of the contracts are 9 702 101 and 15 441 514 euros (VAT excluded) and the deadline for the works is 730 days from signing the contract. 1 EUR = 15,647 EEK Marko Pern Financist +372 6 805 130