Pursuant to the Securities Market Act, manager of OÜ Gamma Holding Mr. Arvo Nõges notified Arco Vara AS that after the share transaction on 16 September 2009 the aggregate holding of OÜ Gamma Holding exceeded the 5 % of the voting stock in Arco Vara AS. Arco Vara is one of the leading real estate developer in the Baltic's, operating also in Ukraine and Bulgaria. Core business is real estate development supported by brokerage network, construction arm and property management. The company has offices in 17 cities and employs ca 250 people. Arco Vara AS is listed on Tallinn Stock Exchange. Lembit Tampere CEO Arco Vara AS phone: +372 614 4630 info@arcovara.ee http://www.arcorealestate.com/