Decisions of the Annual General Meeting of shareholders of Arco Vara AS

The annual general meeting of shareholders of Arco Vara AS held on 5 June 2025 adopted the following decisions:

1. To approve the annual report of Arco Vara AS for 2024.

2. To cover the net loss of EUR 624 thousand for the financial year ended on 31.12.2024 from retained earnings; and to pay a dividend of EUR 0.02 per share. The dividend of EUR 0.02 per share will be paid to shareholders on 12 November 2025 via transfer to the shareholder’s bank account. The list of shareholders entitled to receive the dividend (record date) will be fixed as of 05.11.2025.

3. To approve the principles of remuneration of the Management Board of Arco Vara AS as set out in the materials of the general meeting and made available to shareholders.

4. To approve the mandates of Supervisory Board members Steven Yaroslav Gorelik, Kert Keskpaik, Hillar-Peeter Luitsalu, Allar Niinepuu and Tarmo Sild as of the end of their term until adoption of this resolution of the general meeting of shareholders; and to extend the term of office of the following persons as members of the Supervisory Board for five (5) years from the date of this resolution of the general meeting of shareholders:

5. Steven Yaroslav Gorelik;

6. Kert Keskpaik;

7. Hillar-Peeter Luitsalu;

8. Allar Niinepuu; and

9. Tarmo Sild.
   

10. To approve the remuneration for the position of the Chairman of the Supervisory Board in the amount of EUR 5,000 net per month; and to approve remuneration of regular supervisory board members in the amount of up to EUR 500 net per each supervisory board meeting.

11. To amend clause 2.1 of Arco Vara AS’s Articles of Association and adopt the following wording: "The minimum share capital of the Company is 5,000,000 euros and the maximum share capital is 20,000,000 euros."

12. To increase the share capital of Arco Vara AS as follows:

• 5 November 2025,

Arco Vara AS hereby informs that the respective dividend payment ex-date ia the following:

• 4 November 2025.

Darja Bolshakova
CFO
Arco Vara AS
+372 6144 630
darja.bolshakova@arcovara.com

Attachment

• AV AGM ENG 2025