Börsiteade

Pealkiri

Resolutions of the annual general meeting

Teade

Resolutions of the annual general meeting of AS Eesti Ehitus held on May 14,
2008: 

1. Approval of the annual report as of December 31, 2007

To approve the annual report as of December 31, 2007 of AS Eesti Ehitus and the
council's related written report 


2. Distribution of profit of annual period 2007

To distribute the profit of AS Eesti Ehitus as follows: net profit of AS Eesti
Ehitus for the year 2007 is EEK 267,481,851 (EUR 17,095,206). The balance of
retained earnings is EEK 130,327,891 (EUR 8,329,470). To pay out from the net
profit of the financial year of 2007 as dividends the amount of EEK 92,270,184
(EUR 5,897,140) or EEK 3 (EUR 0.19) per share. To increase the statutory
reserve of AS Eesti Ehitus by EEK 13,374,093 (EUR 854,760). The rest of the net
profit of the financial year of 2007 as well as retained earnings will remain
undistributed. The balance of retained earnings will be EEK 292,165,465 (EUR
18,672,777). 


3. Appointment of an auditor for the financial years ending December 31, 2008,
December 31, 2009 and December 31, 2010 and remuneration for its services 

To appoint the auditing company KPMG Baltics AS as the auditor of AS Eesti
Ehitus for the financial years ending December 31, 2008, December 31, 2009 and
December 31, 2010 and pay for the services according to the contract entered
into with the auditor. The contract with the auditor will be entered into for
three years (annual periods of 2008, 2009, 2010). 


4. The early recalling of a member of the council of AS Eesti Ehitus and
appointing of a new member of the council 

To early recall Mait Schmidt (personal identification number 36009220336) from
the council and to appoint Andri Hõbemägi (personal identification number
37203160369) as the new member of the council of AS Eesti Ehitus. The
remuneration of the new member of the council shall be the same as for the
recalled member. 


All shareholders entered in the share ledger of AS Eesti Ehitus as of May 28,
2008 at 23.59 are entitled to dividends. Dividends will be paid out on June 11,
2008 at the latest. 

Of the total number (30,756,728 shares) of ordinary shares entitled with voting
rights 19,948,960 were represented on the general meeting, i.e. 64,86% of total
number of ordinary shares entitled with voting rights. 


Eesti Ehitus is a group of construction companies whose core business is
general contracting and construction management in the construction of
buildings and structures in Estonia, Latvia, Lithuania and Ukraine. In
addition, in Estonia our companies act as independent contractors in road
construction and maintenance, environmental engineering, the assembly of
reinforced concrete elements, and the performance of cast-on-site concrete
works. The parent of the Group is AS Eesti Ehitus, a company registered and
located in Tallinn, Estonia. In addition to the parent company, there are more
than 20 subsidiaries in the Group. The consolidated revenue of the Group in
2007 was 3,8 billion kroons (240 million euros) and the consolidated net profit
was 290 million kroons (19 million euros). AS Eesti Ehitus Group employs more
than 1100 people. Since 18 May 2006, the company's shares have been quoted in
the main list of the NASDAQ OMX Tallinn Stock Exchange. 

1 EUR = 15,6466 EEK


Raimo Talviste
AS Eesti Ehitus
Head of Investor Relations
Tel: +372 6400 445
Email: raimo.talviste@eestiehitus.ee