2015-07-21 16:35:47 CEST

2015-07-21 16:36:48 CEST


REGULATED INFORMATION

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INVL Baltic Farmland - Interim information

Unaudited results of INVL Baltic Farmland for 6 months of 2015 


Vilnius, Lithuania, 2015-07-21 16:35 CEST (GLOBE NEWSWIRE) -- Unaudited
consolidated net profit as well as consolidated net profit attributable to
shareholders of INVL Baltic Farmland amounted to EUR 206 thousand for 6 months
of 2015. 

Additional information:

INVL Baltic farmland - the company investing in agricultural land income in the
first half of 2015 reached EUR 230 thousand while net profit amounted to EUR
206 thousand. INVL Baltic Farmland was established in April, 2014 therefore
2014 data is not comparable (EUR 55 thousand revenue and EUR 38 thousand
profit). 

Income for the first half of 2015 makes 51 percent of the forecasted total
income for 2015 (EUR 450 thousand) and net profit makes almost four fifths - 79
percent of the total forecasted net profit for 2015 (EUR 260 thousand). Better
than forecasted results are due to the fact that administrative costs were
lower than expected and EUR 26 thousand written-off debts were collected. 

Taking into consideration better than expected results of the first half of
2015 the Board of INVL Baltic Farmland has adjusted its forecast for the full
year 2015. Forecasted income planned at EUR 457 thousand and net profit at EUR
316 thousand. Forecast is based on the assumption that value of the land stays
at the same level. 

According to Kristina Urbonienė - director of INVL Farmland Management - the
company administrating the land owned by INVL Baltic Farmland, at the moment we
are negotiating terms of rental agreements and planning that due to growing
demand, caused by the implemented barriers to acquire land, rental prices
should go up by 10 percent compared to 2015. 

Additionally, as expressed by the director this year record crop yield is
expected and crop growing farmers should be working profitably and willing to
grow their working fields. 

Starting from 1 July 2015 agricultural land owned by INVL Baltic Farmland is
administrated by INVL Farmland Management - company owned by one of the biggest
asset management companies in the Baltics Invalda INVL. 

Secondary companies of INVL Baltic Farmland - company listed on NASDAQ Vilnius
stock exchange own 3 thousand hectares of farmland in Lithuania which is rented
to agricultural companies and farmers. At the end of the first half of 2015
INVL Baltic Farmland equity was EUR 9.938 million or EUR 3.02 per share. 


         The person authorized to provide additional information:
         Egle Surpliene
         Director
         E-mail: egle.surpliene@invaldalt.com