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NCN: Change in substantial shareholding (East Capital)

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Nordecon International         Major shareholder announcements        27.10.2010

Change in substantial shareholding (East Capital)

Pursuant to the Securities Market Act, East Capital Asset Management AB
notified Nordecon International AS that the holding of East Capital Baltic Fund
rose above the 5% threshold of the voting rights in Nordecon International AS.
After the share transaction on 25 October 2010 the East Capital group holds
5.70% of the total voting rights in Nordecon International AS. 


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