Public procurement preferred bidder announcement (

The tender of Nordecon AS was declared successful in the public procurement for reconstructing Haabersti intersection. Nordecon and Tallinn Municipal Engineering Services Department will conclude a contract assumingly in the middle of April, after expiration of 14-day contestation period. Construction activities will start in April 2017, and the intersection will be completed in October 2018. Cost of the project is 14,967 million euros, VAT excluded. Project will cover the construction of the two-level intersection of Paldiski Road, Rannamõisa Street and Ehitajate Street, construction of Paldiski Road in extent of 1.05 km, construction of Rannamõisa Street in extent of 1.1 km, and construction of Ehitajate Street in extent of 100 m. 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. In addition to the parent company, there are more than 10 subsidiaries in the Group. The consolidated unaudited revenue of the Group in 2016 was 183 million euros. Currently Nordecon Group employs close to 700 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