The Listing and Surveillance Committee (the Committee) of the Tallinn Stock Exchange (TSE) reviewed the application and appertaining documents by AS Viisnurk, filed with the Committee for listing of the shares of AS Merko Ehitus in the Main List of TSE. AS Merko Ehitus filed the listing application on July 29, 2008 together with the draft listing prospectus and other appertaining documents for listing its shares in the Main List of TSE. The Committee decided on August 5, 2008: 1. Proceeding from the fact that AS Merko Ehitus has existed less than three years but it has been established as a result of division from a listed company and it has acquired units that have been operating for more than three years, to count this circumstances significant from the aspect of evaluating the economic activities and to make an exception from the requirements of the Listing Rules clause 6.2 on duration of activities. And also to make an exception from the requirements of the Listing Rules clause 6.3 on submitting the audited annual reports for the three preceding financial years. 2. To satisfy the application of AS Merko Ehitus and to list its shares in the Main List of TSE. 3. The first listing day of AS Merko Ehitus is the fourth trading day after making the listing decision, i.e. August 11, 2008. Tallinn Stock Exchange Market Services +3726408800