Invalda AB - Notification on material event

Cash and cash equivalents of AB Invalda held in AB bankas Snoras

Vilnius, Lithuania, 2011-11-17 08:14 CET (GLOBE NEWSWIRE) -- AB Invalda informs
that the company has LTL 20 million (EUR 5.79 million) deposit certificate of
AB bank Snoras. On Wednesday (16th November, 2011) the Government of Lithuania
has announced that it has decided to take over 100 per cent of AB bankas Snoras
shares for the needs of the society. The Board of the Bank of Lithuania has
ruled out to appoint the temporary administrator of AB bankas Snoras and impose
temporary restrictions on the activities of the bank to ensure protection of
assets of the bank. 

The exposure to AB bankas Snoras amounts to 4.1 per cent of AB Invalda assets
and 7.2 per cent of equity as of 30th June, 2011 (the latest publicly announced
financial statements) and about 12 per cent of available financial resources of
Invalda (cash, cash equivalents and liquid financial instruments) as of 30th
September, 2011. 


         The person authorised to provide additional information:
         Darius Sulnis, the president, tel. +370 5273 4876