AS Nordecon International and its wholly-owned subsidiary AS Nordecon Infra signed a share purchase agreement by which AS Nordecon Infra sold its 56 per cent shareholding in Latvian company SIA Nordecon Infra to Group parent company AS Nordecon International. This is an intergroup restructuring and as a result there is no change in Group's participation in SIA Nordecon Infra shareholding. SIA Nordecon Infra is a Nordecon International Group company domiciled in Latvia. Its main activities include various infrastructure projects (instalment of underground pipelines, environmental engineering). As of 2009 the SIA Nordecon Infra sub-group also includes SIA LCB, a road construction company. http://www.nasdaqomxbaltic.com/market/?pg=details&instrument=EE3100039496&list=2 &tab=news&news_id=232669 The restructuring was made in line with Nordecon International Group strategy for 2009-2013. As per strategy the sub-groups operating in foreign markets are owned directly by Group parent company AS Nordecon International. This type of group structure enables better strategic management of foreign operations by Group parent company. The transaction does not have material economical effect on the activities of Nordecon International Group and does not qualify as an acquisition of significant holding within the meaning of “Requirements for Issuers” of the NASDAQ OMX Tallinn Stock Exchange regulations. The members of the supervisory board and management board of AS Nordecon International do not have any other personal interests in the incorporation of the company. 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, 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 Nordecon International, 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). Nordecon International 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 Nordecon International AS Head of Investor Relations Tel: +372 615 4445 Email: raimo.talviste@nordecon.com www.nordecon.com