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Change in the accounting of majority shareholders

1 466 667 shares of AS Arco Vara, that belong to OÜ HM Investeeringud and
2 933 333 shares of Arco vara AS that belong to OÜ Toletum account starting
from August 17th 2007 in share register on Nordea Bank Finland Plc
representative account. Neither OÜ Toletum nor OÜ HM Investeeringud have
dispossessed the shares of AS Arco Vara, the majority shareholders still
hold a 1 year's lockup period. The moving of the shares organizes the asset
base of OÜ Toletum and OÜ HM Investeeringud.

Additional information:
Kadri Mätik
+372 6144 590
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