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Decisions of the annual general meeting of shareholders

Teade

Nordecon AS (registry code 10099962, address Toompuiestee 35, 10149 Tallinn)
annual general meeting of shareholders was held on 25 May 2022 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 2021 and proposal
for the allocation of profit

RESOLUTION No. 1

To  approve the Company's consolidated annual report for the 2021 financial year
as submitted by the management board.

RESOLUTION No. 2

To distribute the profit of the Company as follows: the net loss attributable to
the  owners of the Company for the 2021 financial year amounts to 6,310 thousand
euros. The retained profit of previous periods amounts to 12,651 thousand euros.
To  cover the net loss of the 2021 financial year on the account of the retained
profit of the previous periods. To leave the retained profit of previous periods
in  the remaining part undistributed and  not pay dividends to the shareholders.
To  not make any appropriations to the  legal reserve or other reserves provided
for  by the law or  the articles of association.  The retained profit amounts to
6,341 thousand euros.

Agenda  item No. 2. Election of auditor for the financial year 2022 and deciding
on the remuneration of the auditor

RESOLUTION No. 3

To elect the current audit firm of the group, KPMG Baltics OÜ, as the auditor of
the Company for the financial year 2022 and to pay for the services according to
the agreement to be signed with the auditor.

Agenda  item No. 3. Approval of the principles of remuneration of the management
board members

RESOLUTION No. 4

Approve the principles of remuneration of the members of the management board of
Nordecon AS adopted by the supervisory board.

At  the  annual  general  meeting  of  shareholders  17,311,136 ordinary  shares
entitled  to  vote  were  represented,  i.e.  54.91% of  total  ordinary  shares
outstanding.

Nordecon                                                       (www.nordecon.com
(https://www.globenewswire.com/Tracker?data=IqUeue4MlTzGBu9uY3M3Fx9LNq5uhflPZESl
pkUkSWLzL1DrwPDVUAk_RxWWHa0Yq1IodxWy87ubN9JBkvRiTA==))    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,  Finland, Ukraine and Sweden. The
parent of the Group is Nordecon AS, a company registered and located in Tallinn,
Estonia.  The consolidated revenue  of the Group  in 2021 was 289 million euros.
Currently  Nordecon Group  employs 685 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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