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 Jõe 2B, Tallinn) will be held in the Studio II meeting room of the conference centre of Park Inn by Radisson Central, Narva mnt 7C, Tallinn on 15 May 2012 at 9.00 am.
The agenda of the annual general meeting:
The supervisory board proposes that the shareholders approve the annual report for 2011.
2. Resolution on the allocation of profit
The supervisory board proposes that the shareholders transfer the net loss for the year ended 31 December 2011 of 3,381,662 euros to retained earnings.
3. Election of a member of the supervisory board
A member of the supervisory board of Arco Vara AS, Aare Tark, has submitted an application for stepping down from the supervisory board. To date, Arco Vara AS has received no proposals for a candidate of a new member of the supervisory board.
4. Appointment of the auditor
The materials of the annual general meeting will be available on the website of Arco Vara AS at http://www.arcorealestate.com/en/investor-info/general and in the registered office of Arco Vara AS at Jõe 2B, Tallinn on business days from 9 am to 5 pm.
The list of shareholders eligible to vote will be prepared seven days before the general meeting, i.e. on 8 May 2012 as at 23:59.
In the stock exchange announcement of 30 March 2012 Arco Vara stated that the notice of the annual general meeting would be published in a national daily newspaper on 20 April 2012. Due to technical reasons, the notice of the annual general meeting including the exact time, location and agenda will be published in Postimees a day later, i.e. on 21 April 2012.
Management Board of Arco Vara AS