Market announcement

Title

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 Rävala Avenue 5, Tallinn) will be held in
the  meeting room Cuxhaven of Radisson Blu Sky Hotel in Tallinn at Rävala Avenue
3 on 3 May 2018 at 11.00 am.

The agenda of the annual general meeting:

 1. Approval of the annual report for 2017

The Supervisory Board proposes to the shareholders:

To approve the annual report of Arco Vara AS for 2017.

 1. Distribution of Profit

The Supervisory Board proposes to the shareholders:

To  distribute the  net profit  for the  year ended  on 31 December  2017 in the
amount of 784 945 EUR as follows:

  * to pay dividends to the shareholders 0.01 euros per share, in the total
    amount of 89 984 EUR. The list of shareholders entitled to dividends shall
    be fixed on 25 May 2018, as at the end of the working day of Nasdaq CSD
    Estonian Settlement System. The dividends shall be paid to the shareholders
    by transfer to the bank account of the shareholders on 31 May 2018.
  * to allocate 694 961 EUR to retained earnings.

 1. Appointment of Auditor

The Supervisory Board proposes to the shareholders:

To appoint an auditor for two years and appoint PricewaterhouseCoopers AS as the
auditor.  To pay the auditor for auditing the  annual report of Arco Vara AS for
2018 and  2019 according to  the agreement  concluded between  Arco Vara  AS and
PricewaterhouseCoopers AS.

The  materials of the annual general meeting will be available on the website of
Arco  Vara AS  at www.arcorealestate.com  (http://www.arcorealestate.com) and in
the  registered office of Arco  Vara AS at Rävala  Avenue 5, Tallinn on business
days from 9 am to 5 pm.

Questions  regarding the agenda  items may be  sent by email to [email protected]
(mailto:[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 1/20 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 18 April 2018 at the latest, and they may propose a resolution on any or
all  agenda items, provided they submit the  proposal at least 3 days before the
general  meeting, i.e. by 30 April 2018 at  the latest. Shareholder requests and
proposals    have    to    be    submitted    by   email   to   [email protected]
(mailto:[email protected])  and  they  will  be  published  in  line  with  legal
requirements.

The  list  of  shareholders  eligible  to  vote  will be fixed 7 days before the
general  meeting, i.e.  on 26 April  2018 as at  the end  of the  working day of
Nasdaq CSD Estonian settlement system.

Registration  of attendees begins  on 3 May 2018 at  10:45 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] (mailto:[email protected]) on 2 May 2018 at the latest.

The notice of the annual general meeting will be published in Eesti Päevaleht on
6 April 2018.


Yours sincerely,

Management Board of Arco Vara AS
+372 6144 630
[email protected]