Arco Vara bond issue

Arco  Vara AS conducted a bond issue as a result of which bonds in the amount of
4,000,000 euros were issued.

The  issue date of  the bonds is  13 December 2024 and the  maturity date is 12
December  2026. 400 bonds were issued in the  nominal value of 10,000 euros with
interest  rate 10% per  year. The  issued bonds  were not guaranteed. The issued
bonds  have been paid  for in full.  The bond issue  was conducted in accordance
with  Article 1 of Regulation  (EU) 2017/1129 of the  European Parliament and of
the Council and was not public.

Bonds  were subscribed by 43 investors. The right to subscribe for the bonds was
determined in the order in which purchase requests were received. Bond investors
include  persons related to the members  of the management board and supervisory
board  of Arco  Vara AS  in the  amount of  310,000 euros. The largest unrelated
investors  were Coop Pank AS, Avaron Flexible Strategies Fund, Avaron High Yield
Bond Fund and Trigon Dividend Fund.

On  13 December 2024, Arco Vara AS  redeemes on time the  existing bonds with 2
year term and 10% annual interest in the aggregate amount of 2,120,000 euros.

CEO  of Arco Vara Kristina Mustonen comments:  ?The amount of the 2024 bonds was
almost  double that of two years ago, but the issued volume was filled with call
options in just two business days. We had to inform a large number of interested
parties  that  the  volume  was  full.  We  thank  investors for their trust! We
continue  with our  mission to  create high-quality  real estate  and thoughtful
living environments."

Proceeds  of  the  bond  issue  will  be  used  for financing the development of
Arcojärve project.


Tiina Malm
CFO
Arco Vara AS
Tel: +372 614 4630
[email protected]
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