Arco Vara decided to cancel the program initiated on 08.10.2008 because according to the conditions of this specific program the company was not allowed to purchase its own shares at less value than 5.0 kroons (0.32 euros) per share. Although special general meeting of shareholders granted on 06.11.2008 Arco Vara AS the right to acquire its own shares at minimum value of 1/10 of the nominal value of the share, the company hasn't yet decided to exercise this opportunity. 1 EUR=15,6466 EEK Arco Vara AS