Published: 2019-07-30 08:00:00 CEST
Nordecon
Company Announcement

Construction contract (Nysäter Windfarm wind turbine foundation works)

NOBE (corporate name Nordecon Betoon OÜ), a Nordecon Group company entered into a contract with Nordex Sverige AB for the construction of foundations for 73 wind turbines in Nysäter Windfarm wind park to be erected in Northern Sweden close to Sundsvall. The agreement includes both concrete works and ground anchor installation.

Nysäter Windfarm will be one of the biggest land-based wind parks in Europe with total installed capacity of 475 MW, where in addition to 73 turbines to be erected in the first phase, another 41 turbines will be installed in the second. Nordex Group, the contractor of NOBE is the fifth biggest turbine manufacturer in the world. The project itself is owned by a fund advised by Credit Suisse Energy Infrastructure Partners and E.ON Climate & Renewables.

The value of the NOBE contract is 14.7 million euros plus value added tax and the construction works will be completed by June 2020.

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. The consolidated 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: andri.hobemagi@nordecon.com
www.nordecon.com