Additional information on cancelling current share buyback program

 | Source: Arco Vara Arco Vara 

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
GlobeNewswire

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