OREANDA-NEWS. April 26, 2011. The council of Arco Vara AS approved on April 15th 2011 the annual report and profit allocation proposal for the year 2010 of Arco Vara AS. The council decided to present the annual report and profit allocation proposal as prepared by the management for the approval of the general meeting of shareholders.

The audited annual report for 2010 is made available on NASDAQ OMX Tallinn Stock Exchange's and issuer's web page http://www.arcorealestate.com/  The report can also be read in issuer's location on Joe 2B, Tallinn.

Arco Vara is a leading real estate developer in the Baltic's, established in 1992. The operations involve real estate development, brokerage, valuation,construction and property maintenance arm. The company is located in 17 cities in Estonia, Latvia, Ukraine and Bulgaria and employs approx. 170 people. Arco Vara AS is listed on Tallinn Stock Exchange.