Invalda LT - Notification on material event

Invalda LT acquired Finasta group companies in Lithuania

Vilnius, Lithuania, 2014-12-02 07:57 CET (GLOBE NEWSWIRE) -- 1 December 2014
Invalda LT acquired Finasta group companies in Lithuania thus enlarging the
main asset management business. Invalda LT acquired 78.28% of the bank Finasta
and financial brokerage company Finasta shares and 100% of Finasta Asset
Management. 

Robertas Cipkus, finance director of Finasta, will continue his work as an
interim CEO of bank Finasta. 

Invalda LT received notices from a few bank Finasta and financial brokerage
company investors. They informed that they intend to use their option to sell
their shares. These deals should be closed when the permissions of the Bank of
Lithuania and Competition Council are obtained. After the above mentioned
transactions Invalda LT will own 99.99% of bank Finasta and 100% of financial
brokerage company Finasta. 

As it was announced, a total of EUR 7 million will be paid for the Finasta
group (the final price may be higher or lower depending on the changes in
Finasta bank equity until the final closing of the deal). 

The acquisition of Finasta Asset Management in Latvia is expected to close when
the permission of Latvian Financial and Capital Market Commission is obtained. 


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