Change in the boards of Arco Vara subsidiaries

Evelin Kanter, a long-time lawyer of Arco Vara AS, moved on to new challenges and is no longer a member of the board of the group of Estonian companies as of 06/07/2023. For the time being, Evelin Kanter will continue as a member of the board of Marsili II SIA.

Arco Vara's CEO Miko-Ove Niinemäe's comment: "We thank Evelin Kanter for her dedicated contribution to Arco Vara's story and wish her success for the future."

Tiina Malm CFO Arco Vara AS +372 614 4630 tiina.malm@arcovara.com

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