Change in Nordecon AS management board

Supervisory board of Nordecon AS decided on its meeting held on 08 March 2018 to terminate the contract of service with the member of the board of Nordecon AS Erkki Suurorg as of 31 March 2018 by mutual consent.

Starting from 01 April 2018 the management board of Nordecon AS will continue with four members – Gerd Müller, Priit Luman, Ando Voogma and Maret Tambek.

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 unaudited revenue of the Group in 2017 was 231 million euros. Currently Nordecon Group employs close to 740 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