AS Aspi (wholly owned subsidiary of AS Eesti Ehitus) and a private individual acting as a stakeholder in OÜ Kaurits (a 52 per cent subsidiary of AS Aspi) signed a stake transfer agreement on 19 May 2008. As per agreement AS Aspi acquires a 14 per cent stake in OÜ Kaurits and thereby increases its share to 66 per cent. The transfer of the stake is per agreement on 20 May 2008. As per agreement AS Aspi acquires the stake in OÜ Kaurits with nominal value of EEK 840 000 (approx. EUR 53 686). OÜ Kaurits main activity is renting road and terrain construction machinery and also acting as a subcontractor in infrastructure construction in the Republic of Estonia. AS Eesti Ehitus Group objective in increasing its stake is to increase its presence in the companies acting on the machineries rental market. The transaction does not have material economical effect on the activities of AS Eesti Ehitus Group and does not qualify as an acquisition of significant holding nor 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 structures 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 1100 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 Raimo Talviste AS Eesti Ehitus Head of Investor Relations Tel: +372 6400 445 Email: raimo.talviste@eestiehitus.ee www.eestiehitus.ee