Market announcement

Nordecon AS

Category

Other corporate action

Date

11.12.2023 16:00:00

Title

Tütarettevõtja võõrandamise tehingu lõpuleviimine

Message

Nordecon  AS-i ja OÜ  NOBE vahel 28.11.2023 sõlmitud  osa müügilepingus, millega
Nordecon AS müüs täies ulatuses oma 52%-lise enamusosaluse OÜ-s Nordecon Betoon,
sätestatud  tehingu  lõpuleviimise  eeltingimused  on  poolte  poolt täidetud ja
sellega on osa müügitehing lõpule viidud.

Täiendav  ülalmainitud  müügitehingut  puudutav  teave  on avaldatud 08.11.2023
(https://view.news.eu.nasdaq.com/view?id=b296d130be3052e76b0408001946ba648&lang=
et&src=listed).

Nordeconi    kontsern    (www.nordecon.com   (http://www.nordecon.com))   hõlmab
ettevõtteid,    mis    on    keskendunud    hoonete   ja   rajatiste   ehitamise
projektijuhtimisele   ja   peatöövõtule.  Geograafiliselt  tegutsevad  kontserni
ettevõtted  Eestis, Soomes, Ukrainas ja  Rootsis. Kontserni emaettevõte Nordecon
AS   on   registreeritud   ja  asub  Tallinnas,  Eestis.  Kontserni  2022. aasta
konsolideeritud  müügitulu  oli  323 miljonit  eurot.  Nordeconi  kontsern annab
hetkel  tööd  ligi  570 inimesele.  Alates  18.05.2006 on  emaettevõtte  aktsiad
noteeritud Nasdaq Tallinna Börsi põhinimekirjas.

Andri Hõbemägi
Nordecon AS
Investorsuhete juht
Tel: +372 6272 022
Email: andri.hobemagi@nordecon.com (mailto:andri.hobemagi@nordecon.com)
www.nordecon.com (http://www.nordecon.com)

Title

Completion of the transaction of sale of the subsidiary

Message

The  preconditions for the completion of the  transaction set forth in the share
sale agreement concluded between Nordecon AS and OÜ NOBE on 28 November 2023, by
which Nordecon AS sold its 52% majority holding in OÜ Nordecon Betoon, have been
fulfilled by the parties and the sale of the share has been completed.

Additional  information regarding the above-mentioned  sale transaction has been
published                  on                  08 November                 2023
(https://view.news.eu.nasdaq.com/view?id=b296d130be3052e76b0408001946ba648&lang=
en).

Nordecon (www.nordecon.com (http://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  570 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 (mailto:andri.hobemagi@nordecon.com)
www.nordecon.com (http://www.nordecon.com)