Invalda AB - Notification on material event

Invalda AB finished sale of Valmeda AB shares

The buyer, the seller and third parties properly fulfilled obligations stated
in agreement of 4 January, 2008 and Invalda AB on 13 March, 2008, closed the
deal of Valmeda AB shares sale. Valmeda AB manages hotels Holiday Inn Vilnius
and Ecotel Vilnius. 
100% of Valmeda AB shares (37 914 units) were sold to the hotel division of the
London based company the Triangle Group for 68.5 mLTL (19.84 mEUR), enterprise
value is 86.3 mLTL (25 mEUR) 

Darius Sulnis
President
+370 5273 4876