Market announcement

Title

NCN: Decision of the extraordinary general meeting of shareholders of Nordecon International AS

Message

Nordecon International    Minutes of extraordinary general meeting    19.11.2010

Decision of the extraordinary general meeting of shareholders of Nordecon
International AS

Nordecon International AS (registry code 10099962, address Pärnu mnt 158/1,
11317 Tallinn) held an extraordinary general meeting of shareholders on 19
November 2010 at 10 A.M. in room Epsilon of the conference centre of Reval
Hotel Olümpia (Liivalaia 33, 10118 Tallinn). 
 
Shareholders of Nordecon International AS made the following decisions
according to the proposed agenda: 

1. Approval of the merger and merger agreement

To approve the merger agreement signed on 4 October 2010 between Nordecon
International AS and its subsidiaries Nordecon Infra AS (registry code
10310842, address Pärnu mnt 158/1, Tallinn, 11317) and Nordecon Ehitus AS
(registry code 10210032, address Ringtee 12, Tartu, 51013). To merge Nordecon
International AS, Nordecon Infra AS and Nordecon Ehitus AS as per conditions
set out in the merger agreement whereas Nordecon International AS is the
merging company and Nordecon Infra AS and Nordecon Ehitus AS are the merged
companies. As a result of the merger Nordecon Infra AS and Nordecon Ehitus AS
will cease to exist as individual companies. 

2. Changing the business name

Change the business name of Nordecon International AS and confirm Nordecon AS
as the new business name. 

3. Amendment to Articles of Association

To adopt change into section 1.1 of the Articles of Association as follows:
“The business name of the Company will be Nordecon AS”. 


At the extraordinary general meeting of shareholders 18,064,006 ordinary shares
entitled to vote were represented, i.e. 58.73% of total ordinary shares
outstanding (30,756,728). 


Nordecon International 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 Finland. The parent of the Group is Nordecon International AS, a company
registered and located in Tallinn, Estonia. In addition to the parent company,
there are more than 15 subsidiaries in the Group. The consolidated revenue of
the Group in 2009 was 2.4 billion kroons (155 million euros). Currently
Nordecon International Group employs nearly 750 people. Since 18 May 2006, the
company's shares have been quoted in the main list of the NASDAQ OMX Tallinn
Stock Exchange. 

1 euro = 15.6466 kroons


Raimo Talviste
Nordecon International AS
Head of Finance and Investor Relations
Tel: +372 615 4445
Email: [email protected] 
www.nordecon.com