INVL Baltic Real Estate - Notification on material event

Audited results of INVL Baltic Real Estate group of 2015

Audited consolidated net profit as well as consolidated net profit attributable
to shareholders of INVL Baltic Real Estate amounted to EUR 4,096 thousand of
2015, and amounted to EUR 432 thousand of 2014 (covered the period from 29
April 2014 and ending on 31 December 2014). 

The audited net profit of INVL Baltic Real Estate, AB for 2015 amounted to EUR
3,282 thousand. In the same period of 2014 the profit of the company amounted
to EUR 500 thousand. Separate financial statements of the company reflects the
financial information of the entity which former name is Invaldos nekilnojamojo
turto fondas, AB and which continues activity after the reorganization, but not
the financial information of the Former Parent Company which ended its activity
after the reorganization. 

Additional information:

Real estate investment company INVL Baltic Real Estate’s board proposes paying
a total of EUR 789 thousand in dividends, for a dividend per share of EUR
0.012. 

It is also proposed to authorise the board to acquire the company’s own shares,
setting a minimum price of EUR 0.30 per share for the buy-back of INVL Baltic
Real Estate’s own shares and establishing that the maximum price may not exceed
the book value of a share. The decision would remain valid for 18 months from
the time of its adoption. These proposals are being presented to the
shareholders meeting which will take place on 27 April. 

“Having assessed INVL Baltic Real Estate’s results, and on the basis of the
approved policy, we propose paying out dividends to investors,” says Alvydas
Banys, the Chairman of the Board of INVL Baltic Real Estate. 

INVL Baltic Real Estate has also published its audited annual financial
results. They show that the consolidated net profit of the INVL Baltic Real
Estate group in 2015 was EUR 4.096 million, or EUR 0.09 per share, of which EUR
2.17 million was from property revaluation. 

Consolidated revenue during the period was EUR 5.7 million, including EUR 3.0
million from the leasing of owned properties. Compared with 2014, when the
newly established company operated for 8 months, total revenue grew 62% while
revenue from the leasing of owned properties rose 70%. INVL Baltic Real
Estate’s consolidated equity capital at the end of last year was EUR 18.587
million, or EUR 0.43 per share, and during the year increased 28%. 

Audited annual results have also been published for the company INVL Baltic
Real Estate, which manages most of the group’s real estate holdings in Vilnius.
They show that that company’s net profit was EUR 3.282 million. Revenue was EUR
5.4 million, of which EUR 2.7 million was from the leasing of owned properties.
The company at year-end had equity capital of EUR 17.674 million, or EUR 0.41
per share, for an increase of 58% compared with the end of 2014 (the 12-month
period) due to profit earned in and the merger in August with its former parent
company. 

The difference between the consolidated group equity and that of the company
arose due to the transaction completed in July for INVL Baltic Real Estate’s
acquisition of the Dommo logistics complex near Riga. In keeping with
international financial accounting standards, the profit incurred during this
transaction will be recognized in the accounts of the company INVL Baltic Real
Estate over 5 years prior to maturity of loans. In the consolidated group
financial statements, this profit is recognized immediately. 

INVL Baltic Real Estate group manages real estate valued at EUR 52 million
comprising 58,000 square metres at strategically attractive locations in
Vilnius and Riga: office space at the Vilnius Gates complex, the IBC Business
Centre near Konstitucijos Avenue, office buildings in the Old Town on Vilniaus
Street and in Šiaurės Miestelis, office and warehouse premises in Kirtimai, and
the Dommo Business Park manufacturing, warehouse and office complex beside the
Riga bypass. The shares of the company trade on the Nasdaq Vilnius exchange. 


         The person authorized to provide additional information:
         Egidijus Damulis
         Director
         E-mail:egidijus.damulis@invl.com

Attachments:

AB INVL Baltic Real Estate annual information 2015.pdf

Factsheet 2015.pdf

confirmation RP.pdf