Invalda AB - Other information

Invalda LT Investments applied for the asset management company license

Vilnius, Lithuania, 2014-04-01 07:50 CEST (GLOBE NEWSWIRE) -- Invalda LT
Investments, a company of Invalda LT, one of the major Lithuanian investment
companies, applied for the asset management company license issued by the Bank
of Lithuania. The license will grant the right to manage private equity, real
estate and investment funds. 

“We manage assets of Invalda LT shareholders since 1991. Therefore, we believe
that this experience and achieved results allow us to expect earning high
returns and getting trust of both present shareholders of Invalda LT and new
clients”, - Darius Sulnis, the director of Invalda LT Investments and the
president of Invalda LT, said. 

It is planned to split-off agricultural land, real estate and information
technologies (IT) companies from Invalda LT. These companies will apply for
investment company licenses and will be similar to closed-end funds. In the
beginning of its activity Invalda LT Investments will manage the above
mentioned split-off companies INVL Baltic Farmland, INVL Baltic Real Estate and
INVL Technology, and later will start new private equity funds. 

According to Mr. Sulnis, the licensed management company will allow Invalda LT
to work according to worldwide used asset management model and the supervision
of the Bank of Lithuania will increase safety of investments. 

The capitalisation of Invalda LT is about LTL 250 million (EUR 71.5 million)
and the company owns 100 % of Invalda LT Investments shares. The share capital
of Invalda LT Investments amounts to LTL 1.381 million (EUR 400 thousand). 


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