Vilniaus Baldai AB - Notification on material event

On the mandatory tender offer

Vilnius, Lithuania, 2013-06-05 15:30 CEST (GLOBE NEWSWIRE) -- 

On June 5, 2013 Vilniaus baldai AB received a notification from Invalda LT AB
about intention to announce a mandatory tender offer to buy up the remaining
voting ordinary registered shares in Vilniaus baldai AB, company code
121922783, registered address Savanoriu str. 178 A,          LTL 4 per value
each. The day of crossing of threshold of 1/3 votes is May 31, 2013. The
payment for the purchased shares shall be effected in cash. 

Whereas Invalda LT AB holds 39.35 percent of votes in the general shareholders
meeting of Vilniaus baldai AB and Board members of Invalda LT AB - Alvydas
Banys, Darius Sulnis and Indre Miseikyte - have acquired 61.96 percent of votes
in the general shareholders meeting of Vilniaus baldai AB, and shareholders of
Invalda LT AB holding control of 90.15 percent of shares in the general
shareholders meeting of Invalda LT AB, an agreement about the long - term
policy of the Company has been signed, in accordance with part 2 of Article 31
of the Law on Securities of the Republic of Lithuania, persons holding control
of Invalda LT, AB have an obligation to announce a mandatory tender offer to
acquire remaining shares in Vilniaus Baldai AB. 

On the basis of the agreement the following legal and natural persons are
acting in concert with the above mentioned Board members in the mandatory
tender offer procedure: Invalda LT AB, Invalda Privatus Kapitalas AB, Vytautas
Bucas, Greta Miseikyte Myers, Irena Ona Miseikiene: 

                  Shareholders                     Owned shares   Voting rights 
                                                     (units)        (percent)   
--------------------------------------------------------------------------------
Irena Ona Miseikiene                                  28135           0.72      
--------------------------------------------------------------------------------
Indrė Miseikyte                                       14068           0.36      
--------------------------------------------------------------------------------
Greta Miseikyte Myers                                 14067           0.36      
--------------------------------------------------------------------------------
Vytautas Bucas                                          0               0       
--------------------------------------------------------------------------------
Alvydas Banys                                          200            0.01      
--------------------------------------------------------------------------------
Darius Sulnis                                         10866           0.28      
--------------------------------------------------------------------------------
Invalda LT AB code 121304349, address                1529312          39.35     
 Seimyniskiu g. 1A, Vilnius                                                     
--------------------------------------------------------------------------------
Invalda privatus kapitalas, AB code 303075527,       1274083          32.78     
 address Seimyniskiu g. 1A, Vilnius                                             
--------------------------------------------------------------------------------
Total                                                2870731          73.87     
--------------------------------------------------------------------------------


The providers of a tender offer informed the Company about the price for buy up
of shares- the price totals to 14.869 EUR per share. The period of the
implementation of a tender offer - 14 days. 





         Additional information:
         Chief Financial Officer
         Ausra Kibirkstiene
         +370 5 2525720