Construction contract (Reconstruction and extension of Terminal D of Old City Harbour in Tallinn)

AS Nordecon and AS Tallinna Sadam signed the contract for the reconstruction and extension works of Terminal D of Old City Harbour in Tallinn, Lootsi 13/4. During the construction works, the gross area of the 3-storey terminal building will double to 16,107 sqm, walkway galleries will be removed, modern technological systems as well as terminal rooms and facades with new functionality and architectural concept will be built. Also, the utility networks and substations servicing the terminal building will be reconstructed.

The value of the works excluding the client’s reserve (10%) is 16.985 million euros, plus VAT. The construction works will be completed by May 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