Invalda INVL - Notification on material event

Invalda INVL completed the deal regarding sale of Bank Finasta and FBC shares to Siauliu Bankas and will acquire shares in Siauliu Bankas

Vilnius, Lithuania, 2015-07-20 07:21 CEST (GLOBE NEWSWIRE) -- Invalda INVL
completed the deal and transferred owned shares in Bank Finasta and financial
brokerage company Finasta to Siauliu Bankas on 17 July 2015. Siauliu Bankas
issues new share emission in order to complete settlement of the deal for the
amount of EUR 6.19 million. 

On Friday Invalda INVL subscribed for 21.35 million of new issued shares in
Siauliu Bankas for a price EUR 0.29 per share. Siauliu Bankas still needs to
receive a permit from Bank of Lithuania to increase share capital. 

After completion of the share capital increase, Invalda INVL received 6.79
precent of shares in Siauliu Bankas listed in NASDAQ Vilnius stock exchange. 

In the deal 100 percent of shares in Bank Finasta and FBC Finasta are valued
EUR 6.19 million. Invalda INVL in the second quarter will book EUR 1.12 million
in profits from Finasta shares revaluation. 

Brand name Finasta will remain in Invalda INVL group. Invalda INVL will provide
wealth management services which are currently provided by the bank Finasta
through newly established financial brokerage company INVL Finasta. 

Invalda INVL will concentrate in the asset management business and control an
asset management companies INVL Asset Management (former - Finasta Asset
Management), MP Pension Funds Baltic and Finasta Asset Management in Latvia. 


         The person authorized to provide additional information:
         Darius Sulnis
         President
         Phone +370 5279 0601
         E-mail: darius.sulnis@invl.com