Acquiring a holding


On April 5 2007 AS Merko Ehitus, OÜ Tamax Holding and OÜ Saxon Trade concluded
a purchase- sales contract of holding as a result of which AS Merko Ehitus
acquired 75% holding of OÜ Fort Ehitus (Registry Code 10722444), with nominal
value 30,000 EEK. Principal activities of OÜ Fort Ehitus are hydraulic
engineering and pile works. The holding was acquired in order to strengthen
competence of the group in the field of pile works and hydraulic engineering
construction. Future plans of the company include first of all expansion to
the segment of cast-in-place piles and to on-shore markets.
According to the purchase- sales contract Merko Ehitus pays immediately
15 million EEK of the sales price, residual sales price will be paid within
3 years and final sales price of the deal depends on fulfillment of the
purposes set on Fort Ehitus.

The present purchase- sales contract of holding is not to be considered
an insider transaction nor do the members of the Board or the Supervisory
Board of the company hold any personal interest in the transaction.

1 EUR = 15,647 EEK

Alar Lagus
Member of the Board
+372 6 805 109