Nordecon International disclosed on 16 December 2009 company announcement regarding one signed construction contract. As per announcement Group subsidiary Nordecon Ehitus AS was to build new premises for Tartu University College situated in Narva (North-East part of Estonia). The works also included building of outdoor communications and restructuring of adjacent streets. (http://www.nasdaqomxbaltic.com/market/?pg=details&instrument=EE3100039496&list= 2&tab=news&news_id=238486&lang=en) Nordecon Ehitus AS and Tartu University have terminated the above mentioned contract on 5 August 2010 by mutual consent. The contract was terminated due to differences in opinions that the parties could not resolve to continue with the contract. The expenses related to terminating the agreement do not influence significantly the financial results of Nordecon International Group. 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