Successful Completion of Targeted Share Issue by Arco Vara AS

Group 1 - The Annual General Meeting of Arco Vara AS approved a targeted share offering to increase the company's share capital on 5 June 2025 [1] - The targeted share issue was successfully completed on 11 June 2025, with the management board shortening the subscription period due to early subscriptions [1] - Arco Vara AS plans to apply for the listing and trading of the new shares on the Nasdaq Tallinn Baltic Main List, with the expected first trading day following the registration of the share capital increase [2] Group 2 - The share capital of Arco Vara AS was increased by issuing 6,980,000 new ordinary shares at an issue price of €2.50 per share, resulting in a total share capital of €12,157,856.90 [3] - The new shares were fully subscribed and paid for by specific investors, including Alarmo Kapital OÜ, Luther Factory OÜ, and Luther Factory Holding OÜ, with total contributions of €5,250,000, €8,274,997.50, and €3,925,002.50 respectively [3] - Pre-emptive rights of other existing shareholders were excluded in this share issuance [3]