Performance of a significant contractual provision

On 19 October 2007, AS Eesti Ehitus (“Eesti Ehitus”)  concluded a agreement 
under which it undertook to buy a total of 5,203 shares in AS Eston Ehitus
(“Eston Ehitus”). The shares which account for 52% of the share capital of
Eston Ehitus will be purchased from 15 individuals and a company (the
"Sellers") (see also Eesti Ehitus' stock exchange release of 19 October 2007 -
15:46). 
 
The amount payable for the shares in Eston Ehitus equals 187,235,158 kroons
(11,966,508 euros),i.e. 35,986 kroons (2,300 euros) per share. 
Eesti Ehitus undertook to transfer the purchase price to each seller on 11
January 2008 at the latest, provided that by that time all transferable shares,
i.e. 5,203 shares in Eston Ehitus, have been transferred to the securities
account of Eesti Ehitus. 
 
On 23 November 2007, the Sellers transferred 5,203 shares in Eston Ehitus to
the securities account of Eesti Ehitus. 

Sulev Luiga
CFO, Member of the Management Board 
AS Eesti Ehitus 
Sulev.Luiga@eestiehitus.ee 
+372 5043175