INVL Baltic Real Estate - Notification on material event

INVL Baltic Real Estate, AB applied for issuance of the closed-end investment company license

According to the decision made on the shareholders meeting dated 28 October
2015, the Board of INVL Baltic Real Estate applied to the Bank of Lithuania for
issuance of the closed-end investment company license. 

Upon issuance of this license management of the Company will be transferred to
INVL Asset Management, UAB – a licensed asset management company, controlled by
the subsidiary of one of the largest investment and asset management groups in
Baltic countries Invalda INVL, AB. 

There is expected to select Swedbank, AB as the custodian of INVL Baltic Real
Estate, AB assets. 

INVL Baltic Real Estate shares will remain listed on NASDAQ Vilnius stock
exchange. It is expected that INVL Baltic Real Estate will be first listed
closed-end real estate investment company in Baltic countries. 

New Articles of Association, administration agreement with INVL Asset
Management, UAB and depository agreement with Swedbank, AB will be provided for
approval on the Shareholders Meeting of INVL Baltic Real Estate, AB. 


         The person authorized to provide additional information:
         Egidijus Damulis
         Director
         E-mail: egidijus.damulis@invl.com