Market announcement

Title

20.04.2012: Annual general meeting of Arco Vara AS

Message

NOTICE OF THE ANNUAL GENERAL MEETING, ITS AGENDA AND PROPOSED RESOLUTIONS

Dear shareholder of Arco Vara AS
Notice is hereby given that the annual general meeting of Arco Vara AS
(registry number 10261718; registered office at Jõe 2B, Tallinn) will be held
in the Studio II meeting room of the conference centre of Park Inn by Radisson
Central, Narva mnt 7C, Tallinn on 15 May 2012 at 9.00 am. 

The agenda of the annual general meeting:

1. Approval of the annual report for 2011
The supervisory board proposes that the shareholders approve the annual report
for 2011. 

2. Resolution on the allocation of profit
The supervisory board proposes that the shareholders transfer the net loss for
the year ended 31 December 2011 of 3,381,662 euros to retained earnings. 

3. Election of a member of the supervisory board
A member of the supervisory board of Arco Vara AS, Aare Tark, has submitted an
application for stepping down from the supervisory board. To date, Arco Vara AS
has received no proposals for a candidate of a new member of the supervisory
board. 

4. Appointment of the auditor

The materials of the annual general meeting will be available on the website of
Arco Vara AS at http://www.arcorealestate.com/en/investor-info/general and in
the registered office of Arco Vara AS at Jõe 2B, Tallinn on business days from
9 am to 5 pm. 

Questions regarding the agenda items may be sent by email to
[email protected]. The questions together with the answers will be
published on the website of Arco Vara AS. All shareholders have a lawful right
to obtain information from the management board about the operation of the
company. Shareholders whose shares represent at least one twentieth of the
share capital of Arco Vara AS may request that additional items be added to the
agenda provided they submit their request at least 15 days before the general
meeting, i.e. by 1 May 2012 at the latest, and they may propose a resolution on
any or all agenda items, provided they submit the proposal at least three days
before the general meeting, i.e. by 12 May 2012 at the latest. Shareholder
requests and proposals   have to be submitted by email to
[email protected] and they will be published in line with legal
requirements. 

The list of shareholders eligible to vote will be prepared seven days before
the general meeting, i.e. on 8 May 2012 as at 23:59. 

Registration of attendees begins on 15 May 2012 at 8:45 am. For registration,
please bring an identity document. A proxy must have a written proxy document
or other documents verifying the right to act as a proxy. A shareholder may
notify Arco Vara AS before the meeting of the appointment of a proxy or the
revocation of a proxy appointment by sending relevant digitally signed notice
to [email protected] on 12 May 2012 at the latest. 

In the stock exchange announcement of 30 March 2012 Arco Vara stated that the
notice of the annual general meeting would be published in a national daily
newspaper on 20 April 2012. Due to technical reasons, the notice of the annual
general meeting including the exact time, location and agenda will be published
in Postimees a day later, i.e. on 21 April 2012. 


Yours sincerely
Management Board of Arco Vara AS