Market announcement

Title

16.01.2015: Extraordinary General Meeting of Arco Vara AS

Message

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



Dear shareholder of Arco Vara AS

As LHV Pension Funds M, L, XL as the shareholders of Arco Vara AS have demanded
calling an extraordinary general meeting in accordance with § 292 (2) of the
Commercial Code, notice is hereby given that the extraordinary general meeting
of Arco Vara AS (registry number 10261718) will be held on 10 February 2015 at
10.00 am in Tallinn on Jõe str. 2B on the 5th floor. 



The agenda of the extraordinary general meeting:



1.     Recall of the Supervisory Board



The shareholder proposes:

to recall all members of the Supervisory Board, i.e. Hillar-Peeter Luitsalu,
Rain Lõhmus, Arvo Nõges, Aivar Pilv, Allar Niinepuu, Toomas Tool, Stephan
Balkin. 



2.     Election of members of Supervisory Board



The shareholders propose to appoint a Supervisory Board that consists of five
members, and to elect the following persons to Supervisory Board: 

1)     Rain Lõhmus;

2)     Steven Yaroslav Gorelik;

3)     Hillar-Peeter Luitsalu;

4)     Allar Niinepuu;

5)     Kert Keskpaik



3.     Remuneration and compensation for Supervisory Board



The shareholders propose:

1)     members of Supervisory Board (hereinafter: Board) shall be paid 500
euros (net amount) for every participated meeting but not more that 1,000 euros
(net amount) per month; 

2)     the payment of remuneration is dependent on the signing of the minutes
of the Board meetings; 

3)     Board members may choose to hold Board meetings by utilizing electronic
devices through real-time two-way audio communications or through other similar
solutions that enable to follow the meeting, participate in discussions and
vote on decisions while physically not participating in the meeting. Board
members will be compensated reasonable travel expenses in connection with
participation in physical Board meetings. 



The materials of the extraordinary general meeting will be available on the
website of Arco Vara AS at http://www.arcorealestate.com/en/investor 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 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 7 February
2015 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 3 February 2015 as at 11:59 pm. 

Registration of attendees begins on 10 February 2015 at 10:30 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] by 9 February 2015 at the latest. 

The notice of the extraordinary general meeting including the exact time,
location and agenda will be published in Postimees on 19 January 2015. 



Yours sincerely,


Management Board of Arco Vara AS
+372 6144594
[email protected]