Nordecon International AS and its wholly-owned subsidiaries Nordecon Ehitus AS (leading partner) and Nordecon Infra AS signed an agreement with AS Tallinna Vesi. The contract is for the works in the waste water treatment plant situated in Paljassaare, Tallinn. A new bio filter will be constructed to increase the efficiency of the waste water treatment. The value of the contract is approximately 49 million kroons (3.1 million euros) without VAT. The contractual works will be finished 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, 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 2009 was 2.4 billion kroons (155 million euros). Currently Nordecon International Group employs nearly 750 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