Prolongation of terms of office for management board members.

| Source: Nordecon

Tallinn, Estonia, 2013-12-30 12:05 CET (GLOBE NEWSWIRE) -- The council of Nordecon AS decided to prolong for the next three years the terms of office for management board members Mr. Avo Ambur and Mr. Erkki Suurorg. The next term of office is from 1 January 2014 to 31 December 2016. The responsibilities of both board members will remain the same.

The term of office for the chairman Mr. Jaano Vink does not end until 31 July 2014.


Nordecon is a group of construction companies whose core business is construction project management and general contracting in the buildings and infrastructures segment. Geographically the Group operates in Estonia, Ukraine and Finland. The parent of the Group is Nordecon AS, a company registered and located in Tallinn, Estonia. In addition to the parent company, there are more than 10 subsidiaries in the Group. The consolidated revenue of the Group in 2012 was 159.4 million euros. Currently Nordecon Group employs more than 700 people. Since 18 May 2006 the company's shares have been quoted in the main list of the NASDAQ OMX Tallinn Stock Exchange.

         Raimo Talviste
         Nordecon AS
         Head of Finance and Investor Relations
         Tel: +372 615 4445