Invalda LT - Notification on material event

Invalda LT together with partners seeks to acquire Finasta group

Vilnius, Lithuania, 2014-09-30 16:08 CEST (GLOBE NEWSWIRE) -- Invalda LT, one
of the major companies in Lithuania investing in other businesses and managing
assets, together with its partners seeks to acquire Finasta group. 

The Board of the Bank of Lithuania issued a permission to acquire Finasta
group. The permission is valid till 31 March 2015. 

“We have placed a competitive bid to acquire companies of Finasta group in
Lithuania and Latvia. The deal is subject to approval by the Bank Snoras
creditor's committee, which manages Finasta group, therefore there are no
guarantees that Invalda LT will be chosen as the buyer” - Darius Sulnis, the
president of Invalda LT, said. 

According to Mr. Sulnis, the approvals of the Competition Council in Lithuania
as well as the Financial and Capital Market Commission in Latvia are required
to complete the deal. 

Finasta bank and financial brokerage company should be acquired together with
Audrius Ziugzda and other banking professionals, but the asset management
company should be 100% owned by Invalda LT. 

Finasta group includes Bank Finasta, Finasta Asset Management, financial
brokerage company Finasta and Latvian company Finasta Asset Management. The
equity capital of these companies in the end of 2013 exceeded EUR 7 million
(LTL 24.2 million). 


         The person authorized to provide additional information:
         Darius Sulnis
         President
         Phone +370 5279 0691 E-mail: Darius@InvaldaLT.com