Change in the management board of group subsidiary

The Supervisory Board of Tariston AS, a wholly owned subsidiary of Nordecon AS, decided at its meeting held on 16 March 2026 to recall Argo Kotsar from the position of Management Board member of the company with effect from 21 March 2026.

The Management Board of Tariston AS will continue to operate with one member, Mr Kaspar Kaldjärv.

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 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 2025 was 208 million euros. Currently Nordecon Group employs close 430 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]
www.nordecon.com

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