INVL Baltic Real Estate - Notification on material event

The powers of the management board of INVL Baltic Real Estate have terminated

Vilnius, Lithuania, 2016-11-11 08:14 CET (GLOBE NEWSWIRE) -- 
The powers of the Management Board of INVL Baltic Real Estate have terminated
on 10 November 2016 due to the registration of the Articles of Association of a
special closed-end type real estate investment company INVL Baltic Real Estate. 

The management of INVL Baltic Real Estate will be assumed by the management
company INVL Asset Management as soon as the Bank of Lithuania issues the
closed-end type investment company license. Egidijus Damulis, former CEO and
Chairman of the Board will join the team of INVL Asset Management. Until that
moment he will continue to operate as a CEO of the company. The former board
members will now be considered to be acting separately in the purpose of
application of the Law of Securities of the Republic of Lithuania. 


         The person authorized to provide additional information:
         Andrius Daukšas
         E-mail: andrius@invaldalt.com