CHANGING REFERENCE LIMIT OF ARCO VARA SHARE


Due to substantial price movement of AS Arco Vara share the lower reference
limit of Arco Vara share will be increased from -25% to -35% and the upper
reference limit will remain +15% of today at 12.35 EET. Thus, the new reference
limits will be +15% and -35% and they will stay in force until the end of
trading day. 

Reference limit is the percentage rate within which the price of order and
contract transaction may differ from the reference price of the instrument. The
reference price of AS Arco Vara share is EUR 0.30, the upper reference limit
will remain EUR 0.34 and the lower reference limit is EUR 0.26 before the
change and EUR 0.20 after the change. 


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