On May 11, 2009 the Listing and Surveillance Committee of NASDAQ OMX Tallinn decided to give a warning to AS Nordecon International for violation of NASDAQ OMX Tallinn rules and regulations chapter Requirements for Issuers (hereinafter RI) clause 4.5.2. Background: According to RI clause 4.5.2., the members of the management board and the supervisory board and procurators of and Issuer and persons connected with them are not allowed to effect transactions in the Issuer's securities for their own account or through an intermediary during a period starting one week before to the end of the reporting period and ending one day after the disclosure of the financial results of the Issuer for the reporting period (closed window). If the Issuer is obliged to submit consolidated reports to the Exchange according to the provisions of RI, the mentioned period ends on the day following the date of disclosure of the consolidated reports. For the purposes of RI, a reporting period is understood as the period during which an Issuer regularly forwards to the Exchange the balance sheet and/or the income statement of the Issuer or its significant subsidiaries. Based on RI clause 4.5.3., on the basis of a person's written application, the Listing Committee of the Exchange may grant exceptions to the restriction set out in clause 4.5.2 of RI, if the Listing Committee believes that the transaction is not effected on the basis of inside information. According to RI clause 4.3.2., an Issuer is required to inform all the persons, who are in possession of confidential information, of the provisions of RI and to require such persons to act in accordance with RI. On April 17, 2009 OÜ Luman ja Pojad aquired 40 000 shares of Nordecon International. A Member of the Management Board of OÜ Luman ja Pojad is Toomas Luman who is also a Member of the Council of AS Nordecon International. NASDAQ OMX Tallinn Market Services +372 6408800