INVL Technology - Notification on material event

Audited results of INVL Technology for 2015

Vilnius, Lithuania, 2016-04-07 15:48 CEST (GLOBE NEWSWIRE) -- Audited net
profit of INVL Technology for 2015 amounted to EUR 2.51 million. 

Additional information:

INVL Technology, a Company, investing in IT businesses, during 2015 had an
audited net profit of EUR 2.51 million. Fair value of investments managed by
the Company after acquisitions and revaluation reached EUR 16.96 million in
2015. 

Value of companies, controlled by INVL Technology, at the end of 2015 was
estimated by an independent evaluator - Deloitte verslo konsultacijos UAB.
Value of Vitma, which controls 100 per cent of critical IT infrastructure
company BAIP UAB and its subsidiary Acena UAB, was estimated at EUR 11.47
million, cybersecurity company NRD CS UAB – at EUR 1.77 million, NRD group –
EUR 3.7 million. 

During 2015, the Company also received EUR 598 thousands dividends from the
managed companies. Equity of the Company as of 31 December 2015 was EUR 24.24
million or EUR 1.99 per share. 

INVL Technology (Nasdaq Vilnius: INC1L) operates as a cluster of B2B- and
B2G-oriented IT businesses with a focus in four key areas: business climate
improvement and e-governance, IT infrastructure, cyber security and IT
intensive industries‘ solutions. 


         The person authorized to provide additional information:
         Kazimieras Tonkūnas
         Director
         E-mail: k.tonkunas@invltechnology.lt

Attachments:

INVL Technology Annual Report 2015.pdf

Confirmation of responsible persons.pdf