ARCO VARA AS - NASDAQ OMX Baltic

the ECRS (AS Eesti Väärtpaberikeskus). A Purchase Order submitted by an investor through the
nominee account will be taken into consideration in the allocation only if the owner of the nominee
account has disclosed the identity of such investor in writing to the registrar of the ECRS.
A Purchase Order will be deemed submitted and binding on the investor from the moment the registrar
of the ECRS receives a duly completed transaction instruction from the investor’s Custodian.
An investor bears all costs and fees charged by the Custodian in connection with the submission of a
Purchase Order.
By submitting a Purchase Order an investor authorizes the Custodian and the registrar of the ECRS to
amend the information contained in the investor’s transaction instruction, including (a) to specify the
value date of the transaction and (b) to insert in the transaction instruction (i) the number of Offer
Shares allocated to the investor as the number of securities, (ii) the Offer Price (as determined after the
Offer Period) as the price per share and (iii) the amount reached by multiplying the Offer Price with
the number of Offer Shares allocated to the investor as the transaction amount.
An investor may amend or cancel a Purchase Order at any time before the expiry of the Offer Period in
accordance with the procedure described in section “Amendment or cancellation of Purchase Orders”.
A cancellation of a Purchase Order becomes effective at the moment when the transaction instruction
of the investor in question has been cancelled in the ECRS on the basis of the cancellation order
received from the investor’s Custodian.
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