The Annual General Meeting of Shareholders of Arco Vara AS was held on May 13,
2009 at Reval Hotel Olümpia, Liivalaia St 33 in Tallinn.
The Annual General Meeting of Shareholders of Arco Vara AS started at 9.05 a.m.
and ended at 9.45 a.m. and it was competent to pass decisions regarding the
items on the agenda. The agenda of the Annual General Meeting of Shareholders of
Arco Vara AS was published in the newspaper Postimees on April 21, 2010 in the
information system of the Tallinn Stock Exchange and on the website of Arco Vara
AS http://www.arcorealestate.com.
The following decisions were passed at the Annual General Meeting of
Shareholders of Arco Vara AS:
1. To approve the year 2009 Annual Report of Arco Vara AS.
2. To cover the loss as of December 31, 2009 in the amount of EUR 20 733 705
(EEK 324 412 000) from the future profits.
3. To appoint 1 auditor for one year (until the next Annual General Meeting of
Shareholders) and to appoint KPMG Baltics AS as auditor, to appoint Eero Kaup as
auditor in charge and to pay to the auditor the fee for the auditing of 2010
financial results according to the agreement to be signed between Arco Vara AS
and KPMG Baltics AS.
The Annual General Meeting of Shareholders of Arco Vara AS was held according to
law and Statute of Arco Vara AS.
1 EUR=15.6466 EEK
Arco Vara AS