Market announcement

AS MERKO EHITUS

LEI code

529900AS1XLZP15O8887

Size of the entity

Large group

Economic activities

Professional, Scientific and Technical Activities

Country of registered office

Estonia

General information

Categories

Other corporate action

Unique data record identifier

9217

Submission date and time

13.12.2021 16:00:00

Content of announcement in Estonian

Title

Ehituslepingu lõpetamine Eestis (hotellihoone Tallinnas)

Message

AS Merko Ehitus kontserni kuuluv AS Merko Ehitus Eesti ja GVP Invest Estonia OÜ
lõpetasid poolte kokkuleppel 12.02.2020 sõlmitud lepingu hotellihoone rajamiseks
Tallinnasse, aadressile Tartu mnt 49
(https://view.news.eu.nasdaq.com/view?id=b804bae31b21f6c38b12d87ea03bc37cd&lang=
et).

Pandeemia saabumise järel ei soosinud kiirelt muutuv situatsioon ehitus- ja
majutusturgudel varasemalt kokkulepitud tingimustel ehitustöödega alustamist,
millest tulenevalt otsustasid pooled lepingu lõpetada.

AS   Merko  Ehitus  Eesti  (merko.ee  (http://www.merko.ee/))  on  Eesti  juhtiv
ehitusettevõte,  mis teostab  üld-, insener-,  elektri-, teede-  ja elamuehituse
töid.

Lisainfo: AS Merko Ehitus Eesti juhatuse esimees Ivo Volkov, tel +372 680 5105.

Urmas Somelar
Finantsüksuse juht
AS Merko Ehitus
Telefon: +372 650 1250
E-post: [email protected] (mailto:[email protected])

AS Merko Ehitus (group.merko.ee (https://group.merko.ee/)) kontserni kuuluvad
Eestis AS Merko Ehitus Eesti, Lätis SIA Merks, Leedus UAB Merko Statyba ning
Norras Peritus Entreprenør AS. Peatöövõtjana ehitusteenuste osutamise kõrval on
kontserni teiseks oluliseks tegevusvaldkonnaks korteriarendus. 2020. aasta lõpu
seisuga andis kontsern tööd 666 inimesele ning ettevõtte 2020. aasta müügitulu
oli 316 miljonit eurot

Content of announcement in English

Title

Construction contract termination in Estonia (hotel building in Tallinn)

Message

The construction contract for building a hotel at Tartu mnt 49, entered into on
February 12, 2020
(https://view.news.eu.nasdaq.com/view?id=b804bae31b21f6c38b12d87ea03bc37cd&lang=
en), between AS Merko Ehitus Eesti, part of AS Merko Ehitus group, and GVP
Invest Estonia OÜ was terminated by agreement of the parties.

After the pandemic started, the rapidly changing situation on the construction
and accommodation markets did not favor starting the construction works under
the terms of pending contract, therefore the parties decided to terminate the
contract.

AS  Merko Ehitus  Eesti (merko.ee  (http://www.merko.ee/en)) is Estonian leading
construction   company,   which   offers   construction   services   in  general
construction, civil engineering, road, electrical and residential construction.

Additional  information: AS Merko Ehitus Eesti Chairman of the Management Board,
Mr. Ivo Volkov, tel. +372 680 5105.

Urmas Somelar
Finantsüksuse juht
AS Merko Ehitus
Telefon: +372 650 1250
E-post: [email protected] (mailto:[email protected])

AS Merko Ehitus (group.merko.ee (https://group.merko.ee/en/)) group consists of
AS Merko Ehitus Eesti in Estonia, SIA Merks in Latvia, UAB Merko Statyba in
Lithuania and Peritus Entreprenør AS in Norway. Besides providing construction
service as a main contractor, the group's other major area of activity is
apartment development. As at the end of 2020, the group employed 666 people, and
the group's revenue for 2020 was EUR 316 million.