AS Aspi (wholly owned subsidiary of AS Eesti Ehitus) and its subsidiary Kaurits OÜ (AS Aspi share 52 per cent) and Mr Marko Aalberg signed an agreement (2 May 2008) by which Kaurits OÜ sold 66 per cent share in its subsidiary Abagars SIA, a company incorporated in Latvia. The acquisition of shares is concluded on 2 May 2008. As per agreement AS Aspi acquires 56 per cent share in Abagars SIA's share capital (AS Aspi share 1 075 Latvian lats) and minority shareholder Mr Marko Aalberg 10 per cent. Abagars SIA is a construction company incorporated in Latvia. Its main activities are road and pipeline construction. The objective of the acquisition of AS Eesti Ehitus is to reorganise the Group structure based on the functionality of its main activities. The transaction does not have material economical effect on the activities of AS Eesti Ehitus and does not qualify as an acquisition of significant holding nor a related party transaction within the meaning of “Requirements for Issuers” of the NASDAQ OMX Tallinn Stock Exchange Rules. The members of the supervisory board and management board of AS Eesti Ehitus do not have any personal interests in the incorporation of the company. 1 EUR = 15,6466 EEK Raimo Talviste AS Eesti Ehitus Head of Investor Relations Tel: +372 6400 445 Email: raimo.talviste@eestiehitus.ee