Invalda AB - Notification on material event

Draft resolutions for the Extraordinary General Meeting of Invalda AB shareholders

The Board of Invalda AB approved the draft resolutions for the Extraordinary
General Meeting of shareholders to be held on 9 July, 2008. 

On the agenda:
1. Election of an audit company and the determination of payment conditions for
auditing services. 
2. Approval of the policy of payouts to the shareholders of Invalda AB.
3. Approval of the policy for the participation of Group employees in the
capital of Invalda AB. 
4. Approval of the policy of remuneration of the Management of Invalda AB.
5. Acquisition of own shares.
6. Election of a member of the board. 

1. Determination of payment conditions for auditing services.
Taking into consideration the fact that pursuant to clause 6 of Additional
independence requirements for audit companies and auditors approved by
Lithuanian Securities Commission's Resolution No. 1K-12 on additional
independence requirements for audit companies and auditors of 26 October 2006,
Invalda AB submitted for approval by the Securities commission candidature of
audit company ERNST&YOUNG BALTIC UAB (company code 110878442): 
1. To elect ERNST&YOUNG BALTIC UAB (company code 110878442) for auditing the
financial statements for the 2008-2009 years. 
2. The amount of payment for auditing services may not exceed 53,000 (fifty
three thousand) EUR for the audit of financial statement for the year 2008.
Payment for the audit of financial statements for the year 2009 will be
calculated increasing the price for the audit services for the year 2008 by
percentage change of Euro area's Harmonized Index of Consumer Prices (HICPs)
calculated in May 2009. 
3. President of Invalda AB is commissioned to agree with ERNST&YOUNG BALTIC UAB
other conditions of the contract for auditing services. 
4. President of Invalda AB is commissioned to agree with the Securities
Commission the auditor's candidature (s) in conformity with the provisions of
Lithuanian Securities Commission's Resolution No. 1K-12 on additional
independence requirements for audit companies and auditors of 26 October 2006. 

2. Approval of the policy for payouts to the shareholders of Invalda AB.
To approve the policy of payouts to the shareholders of Invalda AB (attached
thereto). 

3. Approval of the policy for the participation of Group employees in the
capital of Invalda AB. 
To approve the policy for the participation of Group employees in the capital
of Invalda AB (attached thereto). 

4. Approval of the policy of remuneration of the management of Invalda AB. 
To approve the policy of remuneration of the management of Invalda AB (attached
thereto). 

5. Acquisition of own shares.
Taking into consideration the fact that:
- a reserve amounting to 34,500,000.00 LTL was formed by the decision of the
General Meeting of shareholders of 11 May, 2007; 
- a reserve amounting to 34,626,339.30 LTL was formed by the decision of the
General Meeting of shareholders of 30 April, 2008; 
and pursuant to article 54 of the Law on Companies of the Republic of
Lithuania, it is hereby resolved: 
1. To purchase up to 10 per cent of company shares.
2. The goal of acquiring own shares is the implementation of the Policy of
payments to the shareholders of Invalda AB approved by the decision of this
General Meeting of shareholders. 
3. The period during which the company may acquire own shares - 18 months from
the date of passing the decision. 
4. To determine the maximum price of one share being acquired - 30 LTL, and the
minimum price for the acquisition of one share 14 LTL. 
5. To determine the price for the selling of own shares equal to the price of
acquired shared. 
When selling own shares that have been bought up, to ensure all shareholders
were provided with equal opportunities to acquire company shares. 
Own shares acquired by the Company shall be sold on the Vilnius Stock Exchange. 
6. To entrust the Board to organize the purchase and sale of own shares, to
determine the procedure for purchase and selling own shares, number of shares
and the price, to choose the best time for purchase and sale of own shares,
also to perform any other associated actions in compliance with the conditions
set in this decision. The Board is granted the right to implement the
acquisition of shares in part by announcing several takeover bids to this
effect. 

6, Election of a member of the Board. 
To elect Dalius Kaziunas as a member of the Board until the end of office of the
Board, instead of resigning Board member Dailius Juozapas Miseikis. 




According to the clause 7 of the Board procedures and Regulations of Invalda
AB, information about the candidate to the Board members is provided: 

Dalius Kaziunas (born in 1976) - Invalda AB, advisor

Education:
- 2000 Vilnius University, faculty of Economics, Master degree of Business
Administration and Management (Trade); 
- 1998 Vilnius University, faculty of Economics, Bachelor degree of Business
Administration and Management (Commerce). 

Qualification:
License of financial broker (trader) No.P022

Job experience:
- Since February 2008 - Invalda AB, advisor;
- Since January 2008 - Bank Finasta AB, CEO;
- 1996 - February 2008 - FBC Finasta AB, assistant of financial broker,
financial broker, CEO (from 2002). 

Other positions:
Chairman of the Board and CEO of Bank Finasta AB; member of the Board of FBC
Finasta AB; member of the Board of Finasta Investiciju Valdymas UAB; member of
the Board of Inred UAB; chairman of the Supervisory Board of Finasta Asset
Management AS IPS (Latvia). 

Shareholding of other companies exceeding 1/20 - none.

Owned shares of Invalda AB - 12,394 units (0.03%)

Other information:
The candidate does not have any effective penalties and doesn't perform any
functions which constitute a threat to safe and reliable activities of the
company.



Darius Sulnis
President
+370 5 279 0601

Attachments:

3_employees participation in capital policy.pdf

4_remuneration for management policy.pdf

2_payouts to shareholders policy.pdf