Invalda AB - Notification on material event

Resolutions of the Extraordinary General Shareholders Meeting of Invalda AB

Vilnius, Lithuania, 2012-11-20 10:00 CET (GLOBE NEWSWIRE) -- The Extraordinary
General Shareholders Meeting of Invalda AB of November 20, 2012 approved
drawing up of the terms of Invalda AB split-off and authorized the Board to
prepare the terms of split-off as well as appoint necessary experts and
auditors for the preparation and assessment of the said terms, and conduct
other related actions. 

Furthermore, PricewaterhouseCoopers UAB was elected for the audit of annual
financial statements of the financial years of 2012 - 2013. It was decided to
set remuneration of LTL 111 000 (one hundred eleven thousand) (EUR 32 148) plus
VAT for the audit of each year's annual financial statements. In case
additional services are provided under the agreement on the audit services,
additional remuneration is paid to the audit company. The additional
remuneration will be determined according to hourly rates of
PricewaterhouseCoopers UAB employees. 


         The person authorized to provide additional information:
         Dalius Kaziunas
         President
         Tel. (8 5) 273 3278
         Email: dalius@invalda.lt