INVL Baltic Real Estate - Notification on material event

INVL Baltic Real Estate group signed EUR 15.4 million loan agreement

Vilnius, Lietuva, 2014-09-26 15:02 CEST (GLOBE NEWSWIRE) -- On 26 September
2014 Invaldos Nekilnojamojo Turto Fondas, a subsidiary of INVL Baltic Real
Estate, signed a loan agreement with Siauliu Bankas regading EUR 15.35 million
loan (LTL 53 million). 

The term of the agreement is 5 years. Invaldos Nekilnojamojo Turto Fondas will
refinance a loan of another bank. 

“Having a long term bank financing and a strong cash flow from operations, we
will be able to concentrate on a long term goals to increase value and maximise
returns to investors,” - Darius Sulnis, a director of INVL Baltic Real Estate,
said. 

“Taking into consideration a successful activity of INVL Baltic Real Estate and
expecting a long-term partnership, we provided funding to Invaldos
Nekilnojamojo Turto Fondas. We believe that this loan of Siauliu Bankas will
enable Invaldos Nekilnojamojo Turto Fondas to optimise the existing financial
liabilities and to manage them more convenient”, - Vytautas Sinius, CEO of
Siauliu Bankas, said. 

INVL Baltic Real Estate, the parent company of Invaldos Nekilnojamojo Turto
Fondas, manages 52 thousand square meters of commercial buildings in Vilnius
and Riga. 

In the end of June 2014 the equity of INVL Baltic Real Estate amounted to LTL
49.4 million (EUR 14.3 million), the assets - LTL 135.7 million (EUR 39.3
million). 


         The person authorized to provide additional information:
         Darius Sulnis         Director
         Tel. +370 5 279 0601
         E-mail: darius@invaldalt.com