Conclusion of a construction contract


On March 23, 2007, AS Eesti Ehitus and AS Tallinna Sadam (Port of Tallinn)      
signed an agreement for AS Eesti Ehitus to perform the construction works of    
walkways and gangway of quay no 13 in Old City Port.                            

Price of the contract is EEK 65 000 000 (EUR 4 154 257) excluding VAT and works
are to be completed in October 2007.                                            

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