CHANGING REFERENCE LIMIT OF ARCO VARA SHARE


Due to substantial price movement after disclosure of the initial unaudited key
figures of AS Arco Vara the lower reference limit of Arco Vara share will be
decreased from -15% to -60%. Thus, the new reference limits will be -60% and
+15% and they will stay in force until the end of trading day. 

Reference limit is the percentage rate within which the price of order and
contract transaction may differ from the reference price of the instrument. The
reference price of AS Arco Vara share is EUR 0.12, the lower reference limit is
EUR 0.11 before the change and EUR 0.05 after the change and the upper
reference limit will remain EUR 0.13. 


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