Nordecon International AS and its wholly-owned subsidiary Nordecon Ehitus AS signed an agreement with Eesti Meremuuseum (Estonian Maritime Museum). The contract is for the reconstruction works of seaplane hangars situated in Tallinna Lennusadam port. The reconstructed hangars become the exhibition premises for Eesti Meremuuseum. The works include refurbishing of old steel concrete hangars (built in 1916-1917), site preparation and construction of various utility pipelines. The hangars are architectural memorials and take approximately 6,250 square meters of surface. Necessary premises for the museum visitors will also be built on two separate floors. The abovementioned building is included in the list of nationally important cultural and tourism objects. The investment plan for those objects is approved by the Government of Estonia. Investments will be co-financed by European Regional Development Fund. The value of the contract is up to 111 million kroons (7.09 million euros) without VAT. The works start in April 2010 and by contractual agreement end in June 2011. 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 15 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). At the end of 2009 Nordecon International Group employed nearly 1,000 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 Raimo Talviste Nordecon International AS Head of Finance and Investor Relations Tel: +372 615 4445 Email: raimo.talviste@nordecon.com www.nordecon.com