Published: 2019-01-14 08:00:00 CET
Nordecon
Company Announcement

Construction contract (Assembly area in the Defence Forces base in Tapa)

Nordecon AS and the Centre for Defence Investment of Estonia entered into contract for services for the construction of an assembly area in the Defence Forces base in Loode 35, Tapa. The works include the construction of various buildings and structures, such as universal halls for accommodation, catering, and for repairing technology, as well as roads, camping areas, trestles etc.

The value of the contract is 10.7 million euros plus value added tax. The construction is set to begin in January this year and will be completed in January 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 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