Conclusion of a construction contract

AS Eesti Ehitus	                Announcement                May 08, 2007        

Conclusion of a construction contract                                           

On May 07, 2007, AS ASPI, a subsidiary of AS Eesti Ehitus and a leading partner 
of the consortium including AS Teede REV-2, AS Talter and AS Tref signed an     
agreement with Estonian Road Administration to perform the reconstruction works 
of Tallinn-Tartu-Võru-Luhamaa highway section between Vaida and Aruvalla.       

Price of the contract is EUR 33,912,594 including VAT and works are to be       
completed in August 2008. AS ASPI will perform appr. one fourth of the volume of
the contract.                                                                   

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