Nordecon International AS Ukrainian subsidiary (indirect participation 64 per cent) Eurocon Ukraine TOV signed a share sales agreement by which it sold all its participation in EA Reng TOV. EA Reng TOV is a company registered in Ukraine that renders services related to construction design. EA Reng TOV share capital is 162 thousand UAH, i.e. approximately 237 thousand kroons (15 thousand euros). Eurocon Ukraine TOV share was 51 per cent. The sale of shares was to other existing shareholders. The purpose of divestment is for Eurocon Ukraine TOV to focus more on its core business i.e. construction project management. The transaction does not have material economical effect on the activities of Nordecon International Group and does not qualify as an divestment of significant holding nor a related party transaction within the meaning of “Requirements for Issuers” of the NASDAQ OMX Tallinn Stock Exchange regulations. The members of the supervisory board and management board of Nordecon International AS do not have any personal interests in the divestment of the company. Nordecon International 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 Nordecon International AS, 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 2008 was 3.9 billion kroons (247 million euros) and the consolidated net profit was 171 million kroons (11 million euros). Nordecon International Group employs more than 1,100 people. Since 18 May 2006, the company's shares have been quoted in the main list of the NASDAQ OMX Tallinn Stock Exchange. 1 euro = 15.6466 kroons 1 UAH = 1.464 kroons Raimo Talviste Nordecon International AS Head of Investor Relations Tel: +372 615 4445 Email: raimo.talviste@nordecon.com www.nordecon.com