INVL Technology - Notification on material event

Norway Registers Development AS starts activities in Uganda

Vilnius, Lithuania, 2015-03-24 08:42 CET (GLOBE NEWSWIRE) -- Norway Registers
Development AS, a company managed by IT investment fund INVL Technology AB, is
starting activities in Uganda. 

Norway Registers Development which owns 30 per cent of Infobank Uganda Limited
shares signed Infobank Uganda Limited shareholders agreement on 23 March 2015. 

According to Rimantas Žylius, Managing director of Norway Registers
Development, Infobank Uganda intends to work with different registries which
are currently largely paper based, and provide registries information to
financial sector clients via electronic system. Innovative solutions will allow
businesses to obtain the required information, use remote services to order and
receive information, order official documents and use a spectrum of electronic
services despite paper based registries being in operation. 

Infobank Uganda activities will contribute to the improvement of business
climate in Uganda, decrease costs of doing business, simplify and accelerate
activities of financial institutions and therefore increase credit availability
for businesses. 


         The person authorized to provide additional information:
         Kazimieras Tonkūnas
         Director
         E-mail: k.tonkunas@invltechnology.lt