Successful Completion of Targeted Share Issue by Arco Vara AS

On  5 June 2025, the Annual General Meeting of Arco Vara AS adopted the decision
to  issue a targeted share  offering to specific investors  in order to increase
the company's share capital.
Arco   Vara  AS  announces  that  the  targeted  share  issue  approved  by  the
shareholders has been successfully completed as of 11 June 2025 - the management
board  has adopted a resolution to shorten  the subscription period due to early
subscription  of issued shares.  In accordance with  the adopted decision of the
general meeting:

  * The share capital of Arco Vara AS was increased by issuing 6,980,000 new
    ordinary shares at an issue price of EUR2.50 per share (nominal value EUR0.70
    and share premium EUR1.80). Following the issuance, the share capital is
    EUR12,157,856.90.
  * The new shares were fully subscribed and paid in monetary contribution by:

      * Alarmo Kapital OÜ: 2,100,000 shares (EUR5,250,000)
      * Luther Factory OÜ: 3,309,999 shares (EUR8,274,997.50)
      * Luther Factory Holding OÜ: 1,570,001 shares (EUR3,925,002.50)

  * Pre-emptive rights of other existing shareholders were excluded.

Arco  Vara AS will submit an application for  the listing and trading of the new
shares  on the Nasdaq Tallinn  Baltic Main List, and  the expected first trading
day  of the new shares is the first day following the day on which Arco Vara has
notified  the Nasdaq  Tallinn stock  exchange of  the registration  of the share
capital  increase  in  the  commercial  register  and the designation of the new
shares with the ISIN code EE3100034653.

Darja Bolshakova
CFO
Arco Vara AS
+372 6144 630
[email protected] (mailto:[email protected])