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Pealkiri

Clarification related to the decisions of the annual general meeting of the shareholders on 25 May 2016

Teade

Nordecon AS notifies that in the notice for calling the annual general meeting
of the shareholders of Nordecon AS published on 29 April 2016 in the newspaper
“Eesti Päevaleht” and in the 28 April 2016 announcement for the stock exchange
about the notice for calling the annual general meeting of the shareholders of
Nordecon AS (and in the text of the drafts of the decisions of the annual
general meeting of the shareholders of 25 May 2016 appended thereto) and in the
text of the notice for calling the annual general meeting of the shareholders
and of the drafts of the decisions of the annual general meeting of the
shareholders published on the website of Nordecon AS include a typing error,
which concerns the date for fixing the list of holders of securities (record
date). The typing error is in the following sentences of the previously
mentioned notice for calling the annual general meeting of the shareholders and
the drafts of the decisions: “Shareholders entitled to dividends include
persons entered in the Company’s share register on 6 June 2016 at 11.59 p.m.”
and “The list of shareholders who shall participate in the decreasing of the
share capital will be fixed as of 6 June 2016 at 11:59 p.m.”. In order to
fulfil the requirement under provision 3.6.2 of the “Requirements for Issuers”
of Nasdaq Tallinn Rules and Regulations that the date for fixing the list of
holders of securities (record date) may not be earlier than on the 10th (tenth)
trading days after the general meeting, as of the day the general meeting of
shareholders was held, that adopted a resolution on the nature of the created,
amended or terminated rights attached to the securities or on the extent of
such rights (rights granted to security holders or the scope thereof), Nordecon
AS notifies that pursuant to the decision of the annual general meeting of
shareholders of Nordecon AS held on 25 May 2016, the list of holders of
securities is fixed on 8 June 2016. The chairman of the annual general meeting
of the shareholders held on 25 May 2016 explained the respective revision to
the shareholders of the Nordecon AS who were present at the general meeting.
The annual general meeting of the shareholders held on 25 May 2016 adopted the
decisions in the revised wording. Compared to the text in the abovementioned
notice for calling the annual general meeting of the shareholders and the
drafts of the decisions, the following sentences have been revised in the
decisions of the annual general meeting of the shareholders of 25 May 2016:
“Shareholders entitled to dividends include persons entered in the Company’s
share register on 8 June 2016 at 11.59 p.m.” and “The list of shareholders who
shall participate in the decreasing of the share capital will be fixed as of 8
June 2016 at 11:59 p.m.”. 

Nordecon AS also notifies that compared to text in the Estonian-language
versions of the notice for calling the annual general meeting of the
shareholders of Nordecon AS published on 29 April 2016 in the newspaper “Eesti
Päevaleht” and in the 28 April 2016 announcement for the stock exchange about
the notice for calling the annual general meeting of the shareholders of
Nordecon AS (and in the drafts of the decisions of the annual general meeting
of the shareholders of 25 May 2016 appended thereto) and in the notice for
calling the annual general meeting of the shareholders and in the drafts of the
decisions of the annual general meeting of the shareholders published on the
website of Nordecon AS, the annual general meeting of the shareholders of
Nordecon AS adopted on 25 May 2016 the decision about the decrease of the share
capital in the revised wording: “The payments to the shareholders shall be made
on the lapse of three months as of the registration of the reduction of the
share capital with the commercial register.” (compared to the wording of the
Estonian-language versions of the abovementioned notice for calling the annual
general meeting of the shareholders and the drafts of the decisions, the
general meeting of the shareholders of Nordecon AS held on 25 May 2016 adopted
the decision without the word “hiljemalt”). The revision is made in accordance
with § 361 subsection 2 of the Commercial Code. 



Nordecon (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, Ukraine, Finland and Sweden. The parent of the Group is Nordecon AS, a
company registered and located in Tallinn, Estonia. In addition to the parent
company, there are more than 10 subsidiaries in the Group. The consolidated
revenue of the Group in 2015 was 145.5 million euros. Currently Nordecon Group
employs more than 650 people. Since 18 May 2006 the company's shares have been
quoted in the main list of the NASDAQ OMX Tallinn Stock Exchange. 


         Andri Hõbemägi
         Nordecon AS
         Head of Investor Relations
         Tel: +372 6272 022
         Email: [email protected]