AS Eesti Ehitus Ukrainian subsidiary Eurocon Ukraine LLC that is responsible for managing Eesti Ehitus' construction operations and other investments in Ukraine has appointed Mr. Ahto Altjõe (b. 1961) as a General Director. Mr. Altjõe has previously worked amongst other positions as a Member of the Management Board and Director of Construction Division of Arco Vara AS. The responsibilities of the new General Director start as of 1 October 2008. “Ahto Altjõe is an experienced manager whose skills we wish to put into practice in Ukraine first and foremost to increase our activities and take advantages of the changing external conditions," commented the appointment of Mr. Altjõe the CEO of AS Eesti Ehitus Mr. Jaano Vink. Mr. Ahto Altjõe does not own directly or through legal entities shares in AS Eesti Ehitus. AS Eesti Ehitus has interest in Eurocon Ukraine LLC through Eurocon OÜ a 63 per cent owned subsidiary of AS Eesti Ehitus. Eurocon Ukraine LLC is a wholly owned subsidiary of Eurocon OÜ. Eesti Ehitus is a group of construction companies whose core business is general contracting and construction management in the construction of buildings and infrastructures in Estonia, Latvia, Lithuania and Ukraine. In addition, in Estonia our companies act as independent contractors in road construction and maintenance, environmental engineering, the assembly of reinforced concrete elements, and the performance of cast-on-site concrete works. The parent of the Group is AS Eesti Ehitus, a company registered and located in Tallinn, Estonia. In addition to the parent company, there are more than 20 subsidiaries in the Group. The consolidated revenue of the Group in 2007 was 3.8 billion kroons (240 million euros) and the consolidated net profit was 290 million kroons (19 million euros). AS Eesti Ehitus Group employs more than 1200 people. Since 18 May 2006, the company's shares have been quoted in the main list of the NASDAQ OMX Tallinn Stock Exchange. 1 EUR = 15.6466 EEK Raimo Talviste AS Eesti Ehitus Head of Investor Relations Tel: +372 6400 450 Email: raimo.talviste@eestiehitus.ee www.eestiehitus.ee