AS Aspi, a subsidiary of AS Eesti Ehitus , acquires a national road maintenance contract in Hiiu County

AS Eesti Ehitus' wholly-owned subsidiary AS Aspi has concluded a contract on
the maintenance of national roads in Hiiu County during the period 1 December
2007 to 30 November 2015. The roads are administered by the Road Administration
Saarte Teedevalitsus and the project will be funded by the Estonian Road
Administration. 
The agreed cost of the first year's (1 December 2007 - 30 November 2008) 
maintenance amounts to 21,661,696 kroons (1,384,438 euros) excluding VAT.
The cost of the following years' maintenance will be determined based on the
cost of ordinary maintenance delivered over the first year and the unit prices
of maintenance works, adjusted for changes in the construction price index as
published by the Statistical Office of Estonia.  Based on the prices for 2008,
the total cost of the contract amounts to 173,293,568 kroons (11,075,478 euros)
excluding VAT.

Sulev Luiga
AS Eesti Ehitus
+372 6400448
e-post: eestiehitus@eestiehitus.ee