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 29 May 2019 at 10.00 a.m. in
the conference centre of Radisson Blu Hotel Olümpia, room Gamma (Liivalaia
33, 10118 Tallinn).

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

Agenda item No. 1. Approval of the Company's annual report for 2018 and proposal
for the allocation of profit

RESOLUTION No. 1

To approve the Company's consolidated annual report for 2018 as submitted by the
management board.

RESOLUTION No. 2

To allocate the profit of the Company as follows: the Company's consolidated net
profit  for 2018 amounts to 3,381 thousand  euros, the Company's retained profit
from  previous  periods  amounts  to  7,515 thousand  euros,  and,  thus,  total
distributable profit as at 31 December 2018 amounts to 10,896 thousand euros. To
allocate   0.06 euros  per  share  as  the  profit  to  be  distributed  to  the
shareholders  (dividend). No appropriations shall be made to the capital reserve
or  other  reserves  provided  for  by  the  law or the articles of association.
Shareholders  entitled  to  dividends  include  persons entered in the Company's
share  register  on  12 June  2019 as  at  the  end  of  the  working day of the
settlement  system. The ex-date  is 11 June 2019: as  of this date  a person who
acquired  shares is  not entitled  to dividends  for the 2018 financial year. No
dividends  shall be paid  to the Company  for own shares.  The dividends will be
distributed to the shareholders on 21 June 2019 at the latest.

Agenda  item No. 2. Election of auditor for the financial year 2019 and deciding
on the remuneration of the auditor

RESOLUTION No. 3

To elect the current audit firm of the Company KPMG Baltics OÜ as the auditor of
the Company for the financial year 2019 and to pay for the services according to
the agreement to be signed with the auditor.

Agenda item No. 3. Decrease of the share capital of the Company

RESOLUTION No. 4

4.1   To  decrease the share  capital of the  Company by 1,942,528.98 euros from
16,321,014.70 euros  to 14,378,485.72 euros. The share capital will be decreased
by  reducing the  book value  of the  shares by  0.06 euros per share. The total
number  of the  shares will  not change  and the  book value  of shares shall be
reduced  proportionately to the reduction  of the share capital.  As a result of
the  decrease of  the share  capital, the  share capital  of the company will be
14,378,485.72 euros  that  is  divided  into  32,375,483 shares  without nominal
value.

4.2   Upon decrease of the share capital to make payments to the shareholders in
the amount of 0.06 euros per share. No payments shall be made to the Company for
own  shares. The payments to the shareholders shall be made no sooner than three
months  after the registration  of the reduction  of the share  capital with the
commercial register, but, at the latest, three months and 14 calendar days after
the  registration  of  the  reduction  of  the share capital with the commercial
register,  provided  that  the  claims  of  creditors who submitted their claims
during the term are secured or satisfied.

4.3   The  share capital  is decreased  to improve  the structure  of capital in
order to bring the amount of the share capital into alignment with the volume of
business  and strategic  goals. The  reduced amount  of the  share capital is in
compliance  with the requirements set out by the legislation and the articles of
association.

4.4   The  list of shareholders who shall be entitled to payments as a result of
the  decreasing of the share capital will be  fixed as of 12 June 2019 as at the
end of the working day of the settlement system. The ex-date is 11 June 2019: as
of  this date  a person  who acquired  shares is  not entitled  to payments as a
result of the decrease of share capital.

At  the  annual  general  meeting  of  shareholders 21,660,664  ordinary  shares
entitled  to  vote  were  represented,  i.e.  68.70% of  total  ordinary  shares
outstanding.


Nordecon                                                       (www.nordecon.com
(https://www.globenewswire.com/Tracker?data=KaEoCK0zBECzTfPyXQl50pZxGG4Bz8SBt0wI
_4p9Aa2Ia5tfBi6r6UXmf_Pj68ipBmm8DtzKHBFSteoUdWbw1w==))    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. The consolidated unaudited revenue of the Group in 2018 was 223 million
euros.  Currently Nordecon Group employs close to 660 people. Since 18 May 2006
the  company's shares have  been quoted in  the main list  of the NASDAQ Tallinn
Stock Exchange.

Andri Hõbemägi
Nordecon AS
Head of Investor Relations
Tel: +372 6272 022
E-mail: [email protected]
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5Bi_E--7HF7nCfDJeTFphe3RhQQRtT9THW-Iznnq)
www.nordecon.com
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