Börsiteade

Pealkiri

Annual General Meeting of Arco Vara AS

Teade

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  Rotermanni 10, Tallinn) will  be held in
Tallinn at Kodulahe pavilion (address Lammi 8) on 9 May 2024 at 5:15 pm.

The general meeting will be followed by an investor event - the event is free of
charge and does not require ownership of Arco Vara shares.

The agenda of the annual general meeting:

 1. Approval of the annual report for 2023

The Supervisory Board proposes to the shareholders:

  * To approve the annual report of Arco Vara AS for 2023.

 1. Distribution of profit and dividend payment

Management   Board   in  accordance  with  Supervisory  Board  proposes  to  the
shareholders:

  * To allocate the net profit for the year ended on 31 December 2023 in the
    amount of 3,550 thousand EUR to retained earnings;
  * to pay dividends to the shareholders 0.06 euros per share. The dividend will
    be paid out in 4 instalments as follows:

      * 0.02 euros per share will be paid to the shareholders on 13 June 2024 by
        transfer to the shareholder's bank account. The list of shareholders
        entitled to respective dividends (record date) shall be fixed on 6 June
        2024.
      * 0.01 euros per share will be paid to the shareholders on 13 September
        2024 by transfer to the shareholder's bank account. The respective
        dividend record date is on 6 September 2024.
      * 0.02 euros per share will be paid to the shareholders on 13 December
        2024 by transfer to the shareholder's bank account. The respective
        dividend record date is on 6 December 2024.
      * 0.01 euros per share will be paid to the shareholders on 13 March 2025
        by transfer to the shareholder's bank account. The respective dividend
        record date is on 6 March 2025.

 1. Election of auditor

The  Management Board in  accordance with the  Supervisory Board proposes to the
shareholders  to appoint an auditor for three  years and appoint KPMG Baltics OÜ
as  the auditor. To pay the auditor for  auditing the annual report of Arco Vara
AS  for 2024, 2025 and  2026 according to  the agreement  concluded between Arco
Vara AS and KPMG Baltics OÜ.

The  materials of the annual general meeting will be available on the website of
Arco Vara AS at www.arcovara.com and in the registered office of Arco Vara AS at
Rotermanni 10 Tallinn on business days from 9:30 am to 5:00 pm.

Questions  regarding the agenda items may be sent by email to info@arcovara.com.
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  at the
general  meeting 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 25
April 2024 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 06 May 2024 at the  latest. Shareholder requests and proposals
have to be submitted by email to info@arcovara.com 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 02 May 2024 as at the end of the working day of Nasdaq
CSD Estonian settlement system.

We  ask everyone who decides to appoint with a proxy a representative, to inform
us  about it at the latest on 08 May 2024 and send us the digitally signed proxy
to info@arcovara.com. In case you are not able to sign digitally, please send us
the  scanned proxy to  info@arcovara.com and the  original by post to Rotermanni
10, Tallinn  10111. Registration of physical attendees  begins on 09 May 2024 at
4:45 pm.  For registration,  please bring  an identity  document, in case of the
shareholder's  representative a written proxy, or documents proving the right of
representation.

The  invitation of the Annual General Meeting  of Arco Vara AS will be published
in Postimees on 09 April 2024.


Yours sincerely,

Management Board of Arco Vara AS

+372 614 4630
info@arcovara.com