Termination of construction contract

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