Invalda AB - Other information

Invalda LT established Invalda LT Investments that will provide asset management services

Vilnius, Lithuania, 2014-02-27 15:02 CET (GLOBE NEWSWIRE) -- Invalda LT, one of
the largest investments companies in Lithuania, established the company Invalda
LT Investments that will apply for the asset management company licence issued
by the Bank of Lithuania. 

The share capital of Invalda LT Investments amounts to LTL 1.381 million (EUR
400 thousand), it is divided into 40 shares, nominal value of one share is LTL
34.528 thousand (EUR 10 thousand). Invalda LT owns 100 % of Invalda LT
Investments shares. 

“In the nearest future we plan to apply to the Bank of Lithuania for the asset
management company licence that will allow us to manage assets of both
institutional clients and private persons”, - Darius Sulnis, the president of
Invalda LT and director of Invalda LT Investments, said. 

Invalda LT Investments in the beginning should manage separated real estate,
agricultural land and information technologies companies. These companies will
apply for closed-end investment company licenses and in their essence will be
similar to closed-end funds. 

Invalda LT manages assets of its shareholders since 1991.When the
reorganisation will be implemented the company will switch to the classical
asset management model structure. 

“We expect Invalda LT Investments to develop its' activity successfully thus
becoming an important part of Invalda LT and one of the major private equity,
real estate and investment funds management companies in the region”, - Darius
Sulnis said. 

Alvydas Banys, the Chairman of the Board of Invalda LT, Darius Sulnis and
Raimondas Rajeckas, the CFO of Invalda LT were elected to the Board of Invalda
LT Investments. 

Invalda LT also established three new companies - INVL Baltic Real Estate, INVL
Baltic Farmland and INVL Technology, that will be transferred to three
companies separated from Invalda LT. 




         The person authorized to provide additional information:
         Darius Sulnis
         President
         Phone +370 5279 0601
         E-mail:Darius@InvaldaLT.com