Invalda AB - Notification on material event

On the share redemption procedure

Vilnius, Lithuania, 2013-03-21 08:38 CET (GLOBE NEWSWIRE) -- The Board of the
public joint - stock company „INVALDA“, company code 121304349, address
Seimyniskiu str. 1A, Vilnius (hereinafter - INVALDA AB or the Company), acting
in accordance with part 4 of Article 67 of the Law on Companies of the Republic
of Lithuania and  the split - off terms announced on February 13, 2013; taking
into account the fact that the shares during the split - off will be allocated
to the shareholders not proportionally to their ownership in the authorized
capital of INVALDA AB, and therefore the shareholders holding the shares the
nominal value whereof is less than 1/10 of the authorized capital of INVALDA AB
shall have within 45 days after the adoption of a decision on the split - off
by the general meeting of shareholders of INVALDA AB the to request that their
shares be redeemed by INVALDA AB, approved this share redemption procedure: 

The redemption procedure will be implemented through the market of official
order of NASDAQ OMX Vilnius stock exchange (hereinafter - Stock Exchange). The
redemption price will be set in litas (LTL) and it will be equal to the
weighted average price of transactions with Company's shares on Stock Exchange
during the period of six months immediately preceding the General Meeting of
Shareholders which has on its agenda the issue of adoption of the decision on
the split - off and the decision on approval of the split - off terms. The
calculated weighted average share price will be rounded up to three decimal
figures. The exact share redemption price will be set and published on the day
of the General Meeting of Shareholders of INVALDA AB, i.e. April 9, 2013, if
the Meeting approves the split - off and split - off terms. 

The share redemption will start on the next day after the General Meeting of
Shareholders and last 45 days. Share sale orders shall be accumulated during
the entire acquisition period. Settlement for the redeemed shares will be made
on the next day after the completion of the transaction. The maximum number of
shares to be redeemed is 5,180,214, i.e. 1/10 of the authorized capital. 

Shareholders of INVALDA AB holding the shares the nominal value whereof is less
than 1/10 of the authorized capital of the Company, shall have the right to
provide share sale orders, except the shareholders whose rights to sell shares
to the Company during the split - off are limited according to the split - off
terms. In order to provide the share sale order, the shareholders should
approach any bank or brokerage house, which has a right to submit orders on the
Stock Exchange. 

The share redemption will be discontinued, if any the following facts will take
place: (i) the nominal value of shares requested to be redeemed exceeds 1/10 of
the authorized capital of INVALDA AB; (ii) the shareholders whose rights to
sell shares to the Company during the split - off terms are limited according
to the split - off terms, will provide share sale order. The fact that the
shares will not be redeemed will be immediately announced in the daily Lietuvos
Rytas as well as on the Central Storage Facility and the website 
www.invalda.lt 


         The person authorised to provide additional information:
         Dalius Kaziunas
         President
         Tel. +370 5273 3278
         Email: dalius@invalda.lt