Construction contract (Sepise 8 parking house)

Nordecon Betoon OÜ (brand name NOBE), a Nordecon Group company entered into a contract with Öpiku Majad OÜ for the design and construction of the 2nd phase of the parking house located Sepise 8 in Ülemiste City. The parking house will have one underground and five above ground floors and will accommodate 453 parking spaces.The value of the contract is 3.5 million euros plus value added tax. The construction works of the 2nd phase will be completed in October 2020.Nordecon (www.nordecon.com) is a group of construction companies whose core business is construction project management and general contracting in the buildings and infrastructures segment. Geographically the Group operates in Estonia, Ukraine, Finland and Sweden. The parent of the Group is Nordecon AS, a company registered and located in Tallinn, Estonia. The consolidated revenue of the Group in 2018 was 223 million euros. Currently Nordecon Group employs close to 690 people. Since 18 May 2006 the company’s shares have been quoted in the main list of the NASDAQ Tallinn Stock Exchange.Andri Hõbemägi
Nordecon AS
Head of Investor Relations
Tel: +372 6272 022
E-mail: andri.hobemagi@nordecon.com
www.nordecon.com

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