Market announcement

Title

Decisions of the annual general meeting of shareholders

Message

Nordecon AS (registry code 10099962, address Toompuiestee 35, 10149 Tallinn)
annual general meeting of shareholders was held on 22 May 2026 at 10.00 a.m. in
the conference centre of Nordic Hotel Forum, room Vega (Viru Square 3, 10111
Tallinn).

The shareholders of Nordecon AS made the following decisions according to the
proposed agenda:

Agenda item No. 1. Approval of the Company's annual report for 2025 and proposal
for the allocation of profit

RESOLUTION No. 1

To  approve the Company's consolidated annual report for the 2025 financial year
as submitted by the management board.

RESOLUTION No. 2

To distribute the profit of the Company as follows: the net loss attributable to
the  shareholders of the  Company for the  2025 financial year amounts to -4,605
thousand  euros.  The  retained  profit  of  previous  periods amounts to 4,746
thousand  euros. To cover the net loss of the 2025 financial year on the account
of  the retained profit of the previous periods. To leave the retained profit of
previous periods undistributed and not pay dividends to the shareholders. To not
make  any appropriations to the legal reserve  or other reserves provided for by
the law or the articles of association.

Agenda  item No.  2. Election of  auditor for  the financial years 2026-2028 and
deciding on the remuneration of the auditor

RESOLUTION No. 3

To  elect Aktsiaselts PricewaterhouseCoopers  as the auditor  of the Company for
the  financial  years  2026-2028 and  to  pay  for the services according to the
agreement.

Agenda  item No. 3. Approval of a gender balance goal in the Company's governing
bodies

RESOLUTION No. 4

Pursuant  to  §  135(6) (1)  and  (2)  of  the Securities Market Act, to set the
following gender balance goal for the Company:
4.1. At  least 40 per  cent of  the members  of the  Company's supervisory board
shall be of the underrepresented gender;
4.2. To maintain the gender balance already achieved on the Company's management
board,  i.e. 1/3, 1/4 or  2/5 of the  members shall  be of  the underrepresented
gender.

At  the  annual  general  meeting  of  shareholders  17,982,721 ordinary  shares
entitled  to  vote  were  represented,  i.e.  55.54% of  total  ordinary  shares
outstanding.

Nordecon                                                       (www.nordecon.com
(https://www.globenewswire.com/Tracker?data=BZWjuHA5OKjRQzyVDtTkLvdBlenUbDIt4mcd
jBEULVIJklDtDgJMcxNS1irjrwkzCduNeJHNNuNi3Rp-olHV-Y16Zc-F15l9P44N2zZ_Y58=))  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 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 2025 was 208 million euros. Currently
Nordecon  Group employs 450 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: [email protected]
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www.nordecon.com
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