Börsiteade

Pealkiri

Decisions of the annual general meeting of shareholders

Teade

Nordecon AS (registry code 10099962, address Pärnu mnt 158/1, 11317 Tallinn)
annual general meeting of shareholders was held on 20 May 2015 at 10.00 a.m. in
the conference centre of Radisson Blu Hotel Olümpia, room Omega (Liivalaia 33,
10118 Tallinn). 

The shareholders of Nordecon AS made the following decisions according to the
proposed agenda: 

Item 1. Approval of the Company’s annual report 2014 and adoption of profit
allocation resolution 

1.1. To approve the Company’s annual report for 2014.

1.2. To adopt the profit allocation resolution as follows: The Company’s
consolidated net profit for 2014 amounts to 1,956 thousand euros, prior period
retained earning amounts to 9,758 thousand euros and, thus, total distributable
profit as at 31 December 2014 amounts to 11,714 thousand euros. To allocate 923
thousand euros (0.03 euros per share) as the profit to be distributed to
shareholders (the dividend). To make no transfers to the capital reserve or
other reserves provided for by the law or the articles of association. After
the allocations, retained earnings will amount to 10,791 thousand euros. 

Item 2. Election of auditor for the financial year 2015 and deciding on the
remuneration of the auditor 

2.1. To elect audit firm KPMG Baltics OÜ as the auditor of the Company for the
financial year 2015 and to pay for the services according to the agreement to
be signed with the auditor. 

Item 3. Election of members of the supervisory board

3.1. In connection with the expiration of the term of office of supervisory
board members Toomas Luman, Meelis Milder, Tiina Mõis, Ain Tromp and Alar
Kroodo on 15 May 2015, which is before the annual general meeting of 2015, to
elect Toomas Luman, Meelis Milder, Sandor Liive and Vello Kahro as new members
of the supervisory board of the Company for a term of office as provided in the
articles of association. The powers of the members of the supervisory board
will take effect as of the adoption of this resolution and will expire on 20
May 2020. 

Item 4. Remuneration of the members of the supervisory board

4.1. To determine that as from 1 June 2015 the amount of the remuneration
payable to the chairman of the supervisory board is 7,490 euros per month and
to the other supervisory board members 1,000 euros per month. 

At the annual general meeting of shareholders 23,623,513 ordinary shares
entitled to vote were represented, i.e. 72.97% of total ordinary shares
outstanding. 


Nordecon 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 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
2014 was 161 million euros and net profit 2.3 million euros. Currently Nordecon
Group employs more than 710 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]
         www.nordecon.com