THE ESTABLISHMENT OF A SUBSIDIARY OF THE AS EESTI EHITUS IN LITHUANIA

On June 1, 2007, a subsidiary of the AS Eesti Ehitus called UAB Eurocon LT was
registered in Lithuania, 70% of the shares of which will be owned by AS Eesti
Ehitus. The chief executive officer of the undertaking is Remigijus Tranas. At
the moment, the final formalities are being taken care of so that the company
could start its operation on the Lithuanian construction market as a general
contractor and project management firm. 


Jaano Vink                                                                      
AS Eesti Ehitus                                                                 
Tel: (+372) 6400 450                                                            
E-mail: eestiehitus@eestiehitus.ee