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Published: 2009-04-15 15:06:42 CEST
Company Announcement
Nordecon International audited annual report 2008 and profit allocation proposal
The council of AS Nordecon International approved on 15 April 2009 the
report and profit allocation proposal for the year 2008 of AS
International. The council decided to present the annual report and
allocation proposal as prepared by the management for the approval of
general meeting of shareholders. 

The management has made a proposal
for the general meeting of the shareholders
to pay dividends 1 kroon (0.06
euros) per share for the year 2008 and to
increase capital reserve by 5,212
thousand kroons (333 thousand euros). 

The audited annual report for 2008 is
made available on NASDAQ OMX Tallinn
Stock Exchange's and issuer's web page
www.nordecon.com. The report can also be
read in issuer's location on Pärnu
mnt 158/1, Tallinn. 

Nordecon International is a group of construction
companies whose core business
is general contracting and construction
management in the construction of
buildings and infrastructures in Estonia,
Latvia, Lithuania and Ukraine. In
addition, in Estonia our companies act as
independent contractors in road
construction and maintenance, environmental
engineering, the assembly of
reinforced concrete elements, and the performance
of cast-on-site concrete
works. The parent of the Group is AS Nordecon
International, a company
registered and located in Tallinn, Estonia. In
addition to the parent company,
there are more than 20 subsidiaries in the
Group. The consolidated revenue of
the Group in 2008 was 3.9 billion kroons
(247 million euros) and the
consolidated net profit was 171 million kroons (11
million euros). Nordecon
International Group employs more than 1,100 people.
Since 18 May 2006, the
company's shares have been quoted in the main list of
the NASDAQ OMX Tallinn
Stock Exchange. 

1 euro = 15.6466 kroons

Nordecon International AS
Head of Investor Relations
Tel: +372 615
Email: raimo.talviste@nordecon.com