2014-11-14 07:57:41 CET

2014-11-14 07:58:41 CET


REGULATED INFORMATION

Lithuanian English
INVL Baltic Real Estate - Interim information

Unaudited results of INVL Baltic Real Estate for 9 months of 2014 


Vilnius, Lithuania, 2014-11-14 07:57 CET (GLOBE NEWSWIRE) -- Unaudited
consolidated net profit as well as consolidated net profit attributable to
shareholders of INVL Baltic Real Estate amounted to LTL 476 thousand (EUR 138
thousand). 

The financial statements cover the interim financial period of the company,
starting from the company's establishment date 29 April 2014 and ending on 30
September 2014, therefore there are no comparative data. 

Additional information:
INVL Baltic Real Estate, the company investing into real estate, consolidated
equity was equal to LTL 49.774 million (EUR 14.42 million) or LTL 7.07 (EUR
2.05) per share at the end of the nine months of 2014. 

INVL Baltic Real Estate has started its activity in the end of April 2014 after
a separation from  Invalda LT, one of the major companies in Lithuania
investing in other businesses and managing assets. Due to this fact, income and
profit announced represent only five months of activity. The rental income
amounts to LTL 6.068 million (EUR 1.76 million) and the net profit is LTL 476
thousand (EUR 138 thousand). 

The largest subsidiary company of INVL Baltic Real Estate, Invaldos
Nekilnojamojo Turto Fondas, AB signed a loan agreement with Siauliu Bankas
regarding LTL 53 million (EUR 15.35 million) loan at the end of the third
quarter of 2014. 

The term of the agreement is 5 years. Invaldos Nekilnojamojo Turto Fondas will
refinance a loan of another financial institution. 

“Having a long term bank financing, will enable us to concentrate on a long
term goals to increase value and maximise returns to investors,” - Darius
Sulnis, a director of INVL Baltic Real Estate, said. 

Group companies of INVL Baltic Real Estate have about 51 700 sq. m of the real
estate space in Vilnius and Riga. 


         The person authorized to provide additional information:
         Darius Sulnis
         Director
         Tel. +370 5 279 0601
         E-mail: darius@invaldalt.com