AS Nordecon and Valge 16 OÜ signed the contract for the design and construction works of an apartment building in Valge 16, Tallinn. The five-storey building with gross space of 10,165 m 2 will accommodate 112 apartments and will also have one additional underground floor for parking.

The value of the works is 6.6 million euros, plus VAT. The construction works will be completed by November 2019.

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 2017 was 231 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