ARCO VARA AS - NASDAQ OMX Baltic

subsequent to signing the Underwriting Agreement without the prior written consent of the Global
Coordinator.
SETTLEMENT
The Offer Shares allocated to the investors will be transferred to their securities accounts on or about
20 June 2007 simultaneously with the transfer of payment for such Offer Shares.
In order to facilitate settlement, some Offer Shares to be transferred to investors (corresponding to the
number of new Offer Shares) will be temporarily borrowed from Selling Shareholders so that all
investors in the Combined Offering will receive existing Shares only.
LISTING AND TRADING
In connection with the Combined Offering, the Company has applied for listing of its Shares on the
Main List of the Tallinn Stock Exchange.
Trading in the existing Shares is expected to commence on or about 21 June 2007.
The international securities identification number (ISIN code) for the Shares is EE3100034653 and
the trading code in the Tallinn Stock Exchange trading system is ARC1T.
AUDITORS AND LEGAL ADVISERS
The auditor of the Company is Ernst & Young Baltic AS, address Rävala 4, 10143 Tallinn, Estonia.
The Estonian legal adviser to the Global Coordinator is Raidla & Partners, Attorneys at Law,
Roosikrantsi 2, 10119 Tallinn, Estonia. The international legal adviser to the Global Coordinator is
Curtis, Mallet-Prevost, Colt & Mosle LLP, 53 New Broad Street, London EC2M 1BB, United
Kingdom.
ARTICLES OF ASSOCIATION AND OTHER AVAILABLE INFORMATION
The Articles of Association of the Company, the annual reports of the Company for the financial years
ended 31 December 2004, 2005 and 2006 and the unaudited consolidated condensed interim financial
statements for the three month period ended 31 March 2007 are available at its head office located at
Jõe 2b, 10151 Tallinn, Estonia and on the Company’s website (www.arcorealestate.com). Any
interested party may obtain a copy of these items from the Company without charge. The annual
reports of the Company have been prepared both in the Estonian language and in kroons, and in the
English language and in euros. However, in case of any discrepancies between the Estonian and
English language versions, the originals in Estonian shall prevail.
KEY DATES
4 June 2007 – Start of the Offer Period
14 June 2007 – End of the Offer Period
On or about 15 June 2007 – Publication of the Offer Price
On or about 20 June 2007 – Settlement and delivery of Offer Shares
On or about 21 June 2007 – Opening of trading in the Shares on the Tallinn Stock Exchange
14