Invalda AB - Notification on material event

Regarding Candidates proposed to the Audit Committeee of Invalda LT, AB

Vilnius, Lithuania, 2013-08-16 15:19 CEST (GLOBE NEWSWIRE) -- The Board of
Invalda LT, AB decided to propose Danute Kadanaite and Tomas Bubinas to be
elected to Invalda LT, AB Audit Committee on 16th August 2013. 

The Extraordinary General Shareholders Meeting of Invalda LT, AB regarding the
removal of Audit Committee members of Invalda LT AB and the election of new
members, will be held on August 30, 2013. 

Information about the candidates:

Danutė Kadanaite (born 1966).

Lawyer at Legisperitus, UAB

Educational background: International school of management (Management), Law
University (Bachelor‘s degree in Law), Mykolas Romeris University, Faculty of
Law (M.sc. in Financial Law). 

Experience: Since September 2009 - Lawyer at Legisperitus, UAB, 2008-2009 -
Lawyer at Finasta Corporate Finance, AB, 2008 - Lawyer at Invalda AB, 2002-2008
- Lawyer at financial brokerage company Finasta, AB, 1999-2002 - firm of
Attorney of Law Arturas Sukevicius, 1994-1999 - Financial brokerage company
Apyvarta, UAB. 

Tomas Bubinas (born 1970).

Chief Operating Officer at Biotechpharma, UAB.

Educational background: M.Sc. in Economics at Vilnius University, Executive MBA
at BMI (Baltic Management Institute), Association of Chartered Certified
Accountants (ACCA) fellow member and Lithuanian Sworn Registered Auditor. 

Experience: since 2013 - a Chief Operating Officer at Biotechpharma, UAB,
2010-2012 - Senior Director of Operations at TEVA Biopharmaceuticals USA,
2001-2012 - CFO at SICOR Biotech/TEVA Baltic, 1999-200. - Senior Manager at
PricewaterhouseCoopers, 1994-1999 - Senior auditor at Coopers & Lybrand
Supervisor/Manager. 


         The person authorized to provide additional information:
         Darius Sulnis
         President
         Tel. +370 5279 0601
         E-mail: darius@invaldalt.com