2015-08-14 08:47:13 CEST

2015-08-14 08:48:14 CEST


REGULATED INFORMATION

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INVL Baltic Real Estate - Interim information

Unaudited results of INVL Baltic Real Estate for 6 months of 2015 


Vilnius, Lithuania, 2015-08-14 08:47 CEST (GLOBE NEWSWIRE) -- Unaudited
consolidated net profit as well as consolidated net profit attributable to
shareholders of INVL Baltic Real Estate amounted to EUR 617 thousand for 6
months of 2015, in the same period of 2014 - EUR 88 thousand. 

Additional information:

Revenue of the real estate investment company INVL Baltic Real Estate in first
six months of 2015 was EUR 2.685 million. The company made a net profit of EUR
617 thousand. INVL Baltic Real Estate started its operations in April 2014,
therefore comparable numbers from the last year are not representative. 

Shareholders' equity of INVL Baltic Real Estate at the end of June 2015 was EUR
15.108 million, or EUR 2.14 per share. 

“There are almost no vacancies in our commercial real estate objects in Vilnius
and Riga, so now we seek to improve our cash flow” - said, Andrius Daukšas,
Director of INVL Baltic Real Estate. 

Also at the beginning of July INVL Baltic Real Estate completed the acquisition
and increased it share in nearby Riga located logistics complex Dommo to 100
percent for EUR 3.1 million. Latvian companies Dommo Grupa and Dommo Biznesa
Parks, which 100 percent is now owned by INVL Baltic Real Estate, owns 12,800
square meters logistics center and 58 hectares of land. 

Annual revenues of Dommo complex amounts to about EUR 0.6 million. Dommo
operating results will be consolidated together with INVL Baltic Real Estate
from July 2015. 

Shareholders of INVL Baltic Real Estate approved reorganization terms,
according which INVL Baltic Real Estate will be merged with its subsidiary
company Invaldos Nekilnojamojo Turto Fondas at the shareholders meeting held in
August. After the merger process INVL Baltic Real Estate continue its
operations under the name INVL Baltic Real Estate and will remain listed on
NASDAQ OMX Vilnius stock exchange. 


         The person authorized to provide additional information:
         Andrius Daukšas
         Director
         E-mail:andrius@InvaldaLT.com