Construction contract (Eesti Loto House)

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| Source: Nordecon
multilang-release

Nordecon Betoon OÜ, a subsidiary of the Nordecon group and Hallivana OÜ signed on 07.07.2014 a main contracting agreement for the construction of business and office building in Tallinn Hallivanamehe st 4, called Eesti Loto House. The works also include the design of the monolithic reinforced concrete framework. The nine-storeyed building will have two underground parking floors.

The value of the contract is approximately 6.0 million euros (excluding VAT). The construction begins in July and ends in September 2015.

 

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 2013 was 174 million euros and net profit 4.6 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.

         Andri Hõbemägi
         Nordecon AS
         Head of Investor Relations, Member of the Council
         Tel: +372 6272 022
         Email: andri.hobemagi@nordecon.com
         www.nordecon.com