Arco Vara AsOMXTSE: ARC1T

Arco Vara Has a New Chairman of the Supervisory Board

· Issued by Arco Vara As

Kert Keskpaik, previously a member of the Supervisory Board, has been appointed as its new Chairman. Tarmo Sild, who has chaired the Supervisory Board until now, will continue as a member of the Board.

Keskpaik has been involved in real estate development and sales for more than 20 years. He has worked as a broker, renovated and sold apartments, and completed a few smaller development projects. For the past ten years, he has been a member of the Supervisory Board of Arco Vara AS. Keskpaik holds a degree in Business Administration with a specialization in Finance at Tallinn University of Technology.

Comment from Kert Keskpaik:

Comment from Tarmo Sild:

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