Market announcement

Arco Vara AS

Category

Other price sensitive information

Date

18.07.2008 18:41:33

Title

Aktsiate tagasiostu tehingud

Message

09.07.2008.a. otsustas Arco Vara AS-i juhatus kasutada üldkoosoleku poolt antud 
õigust ning käivitada aktsiate tagasiostuprogramm. Tagasi ostetakse             
maksimaalselt 4,0 miljoni Eesti krooni (0,26 miljoni euro) väärtuses aktsiaid,  
kuid mitte rohkem kui 450 000 aktsiat. Tagasiostu periood algas 10.07.2008. a.  
ning lõpeb 05.09.2008. a. 						                                                

Perioodil 10.07.2008 - 18.07.2008 on toimunud järgmised aktsiate tagasiostu     
tehingud:						                                                                 

Aktsia - ARC1T:                                                                 

--------------------------------------------------------------------------------
| Kp.              |     Kogus | Hind, eur | Hind, eek | Kulu, eur | Kulu, eek |
--------------------------------------------------------------------------------
| 10.07.2008       |    10 000 |      0,63 |      9,86 |     6 300 |    98 574 |
--------------------------------------------------------------------------------
| 11.07.2008       |     7 500 |      0,62 |      9,70 |     4 650 |    72 757 |
--------------------------------------------------------------------------------
| 14.07.2008       |     7 024 |      0,61 |      9,54 |     4 285 |    67 040 |
--------------------------------------------------------------------------------
| 15.07.2008       |    10 000 |      0,61 |      9,54 |     6 100 |    95 444 |
--------------------------------------------------------------------------------
| 16.07.2008       |    20 000 |      0,60 |      9,31 |    11 900 |   186 195 |
--------------------------------------------------------------------------------
| 17.07.2008       |         0 |      0,00 |      0,00 |         0 |         0 |
--------------------------------------------------------------------------------
| 18.07.2008       |    22 000 |      0,58 |      9,06 |    12 740 |   199 338 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Kokku perioodi   |    76 524 |      0,60 |      9,40 |    45 975 |   719 347 |
| jooksul          |           |           |           |           |           |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Kokku            |    76 524 |      0,60 |      9,40 |    45 975 |   719 347 |
| kumulatiivselt   |           |           |           |           |           |
| tagasiostuprogra |           |           |           |           |           |
| mmi raames       |           |           |           |           |           |
--------------------------------------------------------------------------------

Pärast nimetatud tehinguid omab Arco Vara AS 76 524 oma aktsiat, mis moodustab  
kokku 0,08% aktsiakapitalist.                                                   

Tagasiostuprogrammi raames jääb tagasi osta veel maksimaalselt 3,28 miljoni     
krooni (0,21 miljoni euro) väärtuses aktsiaid, kuid mitte rohkem kui 373 476    
aktsiat.                                                                        

Aktsiate tagasiostuprogrammi teostatakse vastavalt Euroopa Komisjoni määrusele  
nr. 2273/2003, 22.12.2003, mis sätestab erandid kauplemisele oma aktsiatega     
tagasiostuprogrammide raames. Aktsiate tagasiostu täideviijaks ja korraldajaks  
on Arco Vara nimetanud SEB Pank, kes eraldi kokkuleppe alusel teostab aktsiate  
tagasiostu Arco Vara nimel. Programmi täideviimisel on SEB Pank kauplemisotsuste
tegemisel iseseisev järgides kehtivaid tingimusi ning piiranguid ilma, et Arco  
Vara saaks mõjutada aktsiate ostuaega.                                          

Arco Vara on Baltimaade juhtiv kinnisvaraettevõte, mis laieneb Ida-Euroopa      
turgudel, opereerides juba Ukrainas, Bulgaarias ja Rumeenias. Ettevõtte         
põhitegevuseks on kinnisvaraarendus, mida toetavad enda kinnisvarabüroo ja      
ehitusäri. Firmal on esindused 29 linnas ning grupis töötab üle 600 inimese.    
Arco Vara 2007. aasta konsolideeritud auditeeritud käive moodustas 727 mln      
krooni (46 mln eurot), puhaskasum enne vähemusosalusi 235 mln krooni (15 mln    
eurot) ja bilansimaht 3 564 mln krooni (228 mln eurot). Arco Vara aktsiad on    
noteeritud Tallinna Börsil.                                                     
                                                                                
1 EUR=15,6466 EEK                                                               

Heigo Metsoja                                                                   
IRO                                                                             
+372 6144 654                                                                   
heigo.metsoja@arcovara.ee                                                       
http://www.arcorealestate.com

Title

Share buyback transactions

Message

Acting under the granted authorization by the Shareholders General Meeting the  
Management Board of Arco Vara AS decided on 09.07.2008 to initiate share buyback
program. Under the programme the aggregate consideration will be 4.0 mln kroons 
(0.26 mln euros) and maximum of 450 000 shares may be acquired. The period      
started on 10.07.2008 and ends on 05.09.2008.                                   

During the period 10.07.2008-18.07.2008 the following buyback transactions have 
been made:                                                                      

Share- ARC1T:                                                                   

--------------------------------------------------------------------------------
| Date             |    Amount |    Price, |    Price, |     Cost, |     Cost, |
|                  |           |     euros |    kroons |     euros |    kroons |
--------------------------------------------------------------------------------
| 10.07.2008       |    10 000 |      0,63 |      9,86 |     6 300 |    98 574 |
--------------------------------------------------------------------------------
| 11.07.2008       |     7 500 |      0,62 |      9,70 |     4 650 |    72 757 |
--------------------------------------------------------------------------------
| 14.07.2008       |     7 024 |      0,61 |      9,54 |     4 285 |    67 040 |
--------------------------------------------------------------------------------
| 15.07.2008       |    10 000 |      0,61 |      9,54 |     6 100 |    95 444 |
--------------------------------------------------------------------------------
| 16.07.2008       |    20 000 |      0,60 |      9,31 |    11 900 |   186 195 |
--------------------------------------------------------------------------------
| 17.07.2008       |         0 |      0,00 |      0,00 |         0 |         0 |
--------------------------------------------------------------------------------
| 18.07.2008       |    22 000 |      0,58 |      9,06 |    12 740 |   199 338 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Total for period |    76 524 |      0,60 |      9,40 |    45 975 |   719 347 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Accumulated      |    76 524 |      0,60 |      9,40 |    45 975 |   719 347 |
| under buyback    |           |           |           |           |           |
| programme        |           |           |           |           |           |
--------------------------------------------------------------------------------

After these transactions Arco Vara owns 76 524 own shares, which is 0,08% of    
share capital.                                                                  

Under the program up to 3.28 mln kroons (0.21 mln euros) remains to be used or  
up to 373 476 shares remain to be bought back.                                  

The share buyback program is being implemented in accordance with the provisions
of the European Commission's regulation no. 2273/2003 of December 2003, which   
protects listed companies against violation of insider legislation              
in connection with share buybacks. Arco Vara has appointed SEB Bank as lead     
manager of the program, who under a separate agreement with Arco Vara will buy  
back shares on behalf of Arco Vara. SEB Bank will be independent on its trading 
decisions irrespective of and without influence from Arco Vara as to the timing 
of the purchases as well as carry out the buyback according to the regulations  
and within the set framework of the programme.                                  

Arco Vara is a leading real estate developer in the Baltic's, undergoing a SEE  
expansion with presence established already in Ukraine, Bulgaria and Romania.   
Core business is real estate development supported by brokerage and construction
arm. The company has offices in 29 cities and employs over 600 people. According
to 2007 audited consolidated results net sales was 727 mln kroons (46 mln       
euros), net profit before minorities 235 mln kroons (15 mln euros) and assets 3 
564 mln kroons (228 mln euros). Arco Vara is listed on Tallinn Stock Exchange.  

1 EUR=15,6466 EEK                                                               

Heigo Metsoja                                                                   
IRO                                                                             
+372 6144 654                                                                   
heigo.metsoja@arcovara.ee                                                       
http://www.arcorealestate.com