AS Eesti Ehitus subsidiary Mapri Projekt OÜ (AS Eesti Ehitus share 52 per cent) established a new subsidiary in Ukraine named MP Ukraine LLC. The share capital of the subsidiary is UAH 53,000 (approximately EEK 120,835 / EUR 7 728) of which Mapri Projekt OÜ holds 95 per cent. The remaining share belongs to AS Eesti Ehitus Ukrainian subsidiary Eurocon Ukraine LLC. MP Ukraine LLC main activities in Ukraine are concrete works. The beginning of operations is mainly on Eurocon Ukraine LLC construction projects, but with plans to expand to other construction projects not related to Eesti Ehitus Group. Eesti Ehitus Group objective is to improve the efficiency on its Ukrainian construction projects and also to expand its activities on the Ukrainian construction market. The transaction does not qualify as a related party transaction within the meaning of “Requirements for Issuers” of the NASDAQ OMX Tallinn Stock Exchange Rules. The members of the supervisory board and management board of AS Eesti Ehitus do not have any personal interests in the incorporation of the company. Eesti Ehitus is a group of construction companies whose core business is general contracting and construction management in the construction of buildings and infrastructures in Estonia, Latvia, Lithuania and Ukraine. In addition, in Estonia our companies act as independent contractors in road construction and maintenance, environmental engineering, the assembly of reinforced concrete elements, and the performance of cast-on-site concrete works. The parent of the Group is AS Eesti Ehitus, a company registered and located in Tallinn, Estonia. In addition to the parent company, there are more than 20 subsidiaries in the Group. The consolidated revenue of the Group in 2007 was 3,8 billion kroons (240 million euros) and the consolidated net profit was 290 million kroons (19 million euros). AS Eesti Ehitus Group employs more than 1200 people. Since 18 May 2006, the company's shares have been quoted in the main list of the NASDAQ OMX Tallinn Stock Exchange. 1 EUR = 15,6466 EEK 1 UAH = 2,2799 EEK Raimo Talviste AS Eesti Ehitus Head of Investor Relations Tel: +372 6400 450 Email: raimo.talviste@eestiehitus.ee www.eestiehitus.ee