Invalda LT - Notification on material event

A Letter of Intent was signed with Šiaulių bankas regarding the Finasta banking business

Vilnius, Lithuania, 2015-03-09 08:15 CET (GLOBE NEWSWIRE) -- Invalda LT, AB and
Šiaulių bankas, AB have signed a Letter of Intent on 2015 March 7th, which
foresees a possible integration of Finasta banking business with Šiaulių
bankas. Once the deal would be closed, Invalda LT would become a shareholder in
Šiaulių bankas and Šiaulių bankas would take over Finasta banking business. 

Šiaulių bankas would make a new share issue which will be bought by Invalda LT
in order to pay for the bank Finasta shares. 

The valuation of the deal will be revealed once the parties sign a binding
agreement - this should be agreed by the April 15th, 2015. 

In order to close the deal, relevant permissions from the Bank of Lithuanian
and other institutions are needed, as well as Šiaulių bankas shareholders'
decision on a new share issue and other actions related to this. 

Invalda LT, AB will continue to hold 100 percent of the asset management
company Finasta Asset Management, which manages pension and investment funds,
provides portfolio management services and has about 50 thousand clients. 

The brand name Finasta will remain within Invalda LT group. Wealth management
services, which are currently provided by bank Finasta will continue to be
provided through a financial brokerage company which is owned by Invalda LT. 




         The person authorized to provide additional information:
         Vytautas Plunksnis    Investment manager
         Phone +370 682 55 526
         E-mail:vytautas@invaldalt.com