Construction contract (Aidu wind farm wind turbine foundations)

NOBE (corporate name Nordecon Betoon OÜ), a Nordecon group company, and Dirkshof Estonia OÜ signed a contract for the construction of wind turbine foundations of Aidu wind farm in Ida-Viru County, Lüganuse Municipality. The total value of the contract is close to 5 million euros plus value added tax and the works will be completed in October 2023.

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, Finland, Ukraine 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 2022 was 323 million euros. Currently Nordecon Group employs close to 580 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