Börsiteade

Pealkiri

Notice of Convening the Annual General Meeting of Shareholders 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 30 June 2026 at 4:00 pm at the
Kodulahe Pavilion in Tallinn (address: Lammi 8).

The agenda of the annual general meeting:

      1)   Approval of the annual report for 2025

The Supervisory Board proposes to the shareholders:

  * To approve the annual report of Arco Vara AS for 2025.

      2)   Distribution of profit and dividend payment

The  Management Board, in  coordination with the  Supervisory Board, proposes to
the shareholders:

  * Cover the net loss for the financial year ended 31 December 2025 in the
    amount of EUR 479 thousand from retained earnings of previous periods;
  * Leave the retained earnings from previous periods undistributed and not pay
    any dividends to shareholders;
  * Make no allocations to the legal reserve, other reserves required by law or
    the Articles of Association, and not use profit for any other purpose.

      3)   Approval of the Management Board's remuneration principles

The  Management Board, in  coordination with the  Supervisory Board, proposes to
the shareholders:

  * To approve the principles of remuneration of the Management Board of Arco
    Vara AS as set out in the materials of the general meeting and made
    available to shareholders.

The materials for the Annual General Meeting of Shareholders of Arco Vara AS are
available    on    the   website   of   Arco   Vara   AS   at   www.arcovara.com
(http://www.arcovara.com/)  and  at  the  office  of  Arco  Vara  AS  located at
Rotermanni 10, Tallinn, on business days from 9:30 a.m. to 5:00 p.m.

Questions   regarding   the   agenda   items  may  be  submitted  by  e-mail  to
[email protected]  (mailto:[email protected]).  Questions  and  answers  will be
published  on  the  website  of  Arco  Vara  AS.  In  accordance  with  the law,
shareholders  have the right to receive information from the Management Board at
the General Meeting regarding the activities of Arco Vara AS. Shareholders whose
shares  represent at least 1/20 of the share capital of Arco Vara AS may request
the  inclusion of additional  items on the  agenda by submitting a corresponding
request no later than 15 days before the General Meeting, i.e. by 15 June 2026.
They  may  also  submit  draft  resolutions  for  each agenda item by making the
relevant  proposals no later than 3 days before the General Meeting, i.e. by 27
June  2026. Shareholders' requests and proposals must  be submitted by e-mail to
[email protected] (mailto:[email protected]) and will be disclosed in accordance
with the procedure prescribed by law.

The  list  of  shareholders  entitled  to  vote  at  the General Meeting will be
determined as of seven days before the General Meeting, i.e. on 23 June 2026, at
the end of the business day of the settlement system of Nasdaq CSD Estonia.

All  shareholders wishing to appoint a  representative under a power of attorney
are  requested to notify the  Company thereof no later  than 26 June 2026 and to
submit  digitally  signed  powers  of  attorney  by  e-mail to [email protected]
(mailto:[email protected]). If digital signing is not possible, shareholders are
requested  to  send  a  scanned  copy  of  the  power  of  attorney by e-mail to
[email protected]   (mailto:[email protected])  and  the  original  by  post  to
Rotermanni  10, Tallinn 10111, Estonia. Registration  of shareholders wishing to
attend  the Annual  General Meeting  in person  will commence on 30 June 2026 at
3:30 p.m.  For  registration,  shareholders  are  requested to bring an identity
document.  Representatives of shareholders must also  present a written power of
attorney or other documents evidencing their right of representation.

The  notice convening  the general  meeting will  be published  in the newspaper
Postimees on 09.06.2026.

Sincerely,

The Management Board of Arco Vara AS

+372 614 4630
[email protected]