AS Eesti Ehitus issued a company announcement on 27 March 2009 regarding the share purchase in OÜ Unigate from a related party: http://www.nasdaqomxbaltic.com/market/?pg=details&instrument=EE3100039496&list=2 &tab=news&news_id=232234 Due to questions raised on the specific details of the transaction and to avoid possible misunderstandings, AS Eesti Ehitus discloses additional information. Purchase price details 1. Fixed price 20.0 million kroons (1.3 million euros) that includes loan and accrued interest receivables of AS Arealis (previous owner of 50 per cent of shareholding of OÜ Unigate) in sum of 18.5 million kroons (1.2 million euros) at the date of transaction. These receivables will be transferred to AS Linnaehitus from AS Arealis without additional fees. 2. In addition to the fixed price the agreement includes also a contingent price to be paid. This contingent price becomes apparent as the development is realized and when a part of the land plot owned by OÜ Unigate that is under environmental protection is sold. Thus, the buyer does not have to pay in advance for any possible future incomes. Payment of contingent price to AS Arealis is dependent on OÜ Unigate's ability to sell the developed net housing space in future periods. As per agreement the calculation of contingent payments starts after the moment 44,444 square meters of net housing space has been sold. I.e. from the moment when the sold net housing space exceeds 20.0 million kroons (1.3 million euros). The price for one square meter of net housing space is 450 kroons (28.8 euros). It is fixed and is not adjusted with inflation or other components of changes in time value of money. Payment of contingent price is made once in a year as the development progresses. In case of possible sale of part of land plot under environmental protection, the buyer pays to seller 37.5 per cent of the sales price. If the sale does not happen the buyer does not bear any additional expenses related to that. The share purchase agreement was made with the presumption that the value of land plot under environmental protection is nil. Comments given to press AS Eesti Ehitus gave additional comments to newspaper Äripäev on 30 March 2009 in which it gave the following additional information: - The valuation of the land plot owned by OÜ Unigate was carried out by an independent valuator OÜ Kinnisvaraekspert Tallin on 16 February 2009; - The market value of 50 per cent of the land plot is approximately 47.5 million kroons (3.0 million euros). Eesti Ehitus 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 AS Eesti Ehitus, a company registered and located in Tallinn, Estonia. In addition to the parent company, there are more than 20 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). Eesti Ehitus Group employs more than 1,200 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 AS Eesti Ehitus Head of Investor Relations Tel: +372 615 4445 Email: raimo.talviste@eestiehitus.ee www.eestiehitus.ee