Conclusion of a construction contract


AS Eesti Ehitus	                Announcement                March 05, 2007      

Conclusion of a construction contract                                           

On February 28, 2007 Eurocon Ukraine LLC, a subsidiary of AS Eesti Ehitus       
registered in Ukraine, and Vesta Trade LLC signed a price agreement annex to the
framework agreement concluded on December 04, 2006 for Eurocon Ukraine LLC to   
perform the construction works of a trade center in Zaporozhje, Ukraine.        
According to the annex, Eurocon Ukraine LLC will build the basement and car-park
of the trade center.                                                            

The value of the contract is 79.574 million Ukrainian hryvnias (11.951  million 
euros) excluding VAT. The works will be completed in September 2008.            

Andri Hõbemägi                                                                  
AS Eesti Ehitus                                                                 
Tel: (+372) 6400 450                                                            
E-mail: eestiehitus@eestiehitus.ee