Invalda LT - Notification on material event

Together with partners Invalda LT has signed Finasta group share purchase agreement

Vilnius, Lithuania, 2014-11-05 06:30 CET (GLOBE NEWSWIRE) -- Invalda LT, one of
the leading companies in Lithuania investing in other businesses and managing
assets, together with partners has signed the Finasta group Share Purchase
Agreement. A total of EUR 7 million (LTL 24.2 million) will be paid for the
Finasta group (the final price may be higher or lower depending on the changes
in Finasta bank equity until the final closing of the deal). 

Invalda LT will acquire 78.28 percent of both bank Finasta and financial
brokerage company Finasta shares and will gain 100 percent of asset management
companies Finasta Asset Management in Lithuania and Latvia. The price paid for
the shares bought by Invalda LT amounts to EUR 6.131 million (LTL 21.2
million). The final closing of the deal is expected once the relevant
permissions from Lithuanian Competition Council and Latvian Financial and
Capital Market Commission are obtained. The above mentioned permissions have
already been applied for. 

Finasta group includes Bank Finasta, Finasta Asset Management, financial
brokerage company Finasta and Latvian company Finasta Asset Management. The
equity capital of these companies in the end of 2013 amounted to EUR 7 million
(LTL 24.2 million). Asset management companies in Lithuania and Latvia have
almost 100 thousand clients and about EUR 170 million (LTL 587 million) assets
under management. 


         The person authorized to provide additional information:
         Darius Sulnis
         President
         Phone +370 5 2790601
         E-mail: Darius@InvaldaLT.com