Construction contract (Metsä Wood plywood mill)

Nordecon AS and Metsä Wood, part of the Finnish forestry group Metsä Group, entered into a contract for construction of a plywood mill in Kase Street, Pärnu. The surface area of the factory will amount to approximately 29,000 square metres, consisting of the production hall with the non-work rooms and the office block. The value of the contract exceeds 14 million euros plus value added tax. The construction works will be completed in August 2018. 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