Invalda AB - Notification on material event

Convocation of Invalda AB Extraordinary General Shareholders Meeting

On the initiative and decision of the Company's Management Board the
Extraordinary General Shareholders Meeting of Invalda AB (identification code
121304349, address Seimyniskiu str. 1A, Vilnius) is to be held on August 6,
2010 at 10:00 in the office of Invalda AB (Seimyniskiu str. 1A, Vilnius). 

Registration of the shareholders will start at 9:30. Only the persons who are
the shareholders of the Company at the end of the accounting day of the
Extraordinary General Shareholders Meeting (July 30, 2010) are entitled to
participate and to vote at the General Shareholders Meeting. 

Agenda includes:
1. Regarding election of the audit company and setting the conditions of
payment for the audit services. 
2. Regarding partial change of terms of 25 mln LTL nominal value convertible
bonds issue. 
3. Regarding partial change of terms of 7.44 mln. LTL nominal value convertible
bonds issue. 

The documents related to the agenda, draft resolutions on every item of agenda,
documents to be submitted to the General Shareholders Meeting and other
information related to realization of shareholders rights, are available at the
registered office of the Company during working hours. 

The shareholders are entitled: (i) to propose to supplement the agenda of the
General Shareholders Meeting submitting draft resolution on every additional
item of agenda or, then there is no need to make a decision - explanation of
the shareholder. Proposal to supplement the agenda is submitted in writing by
registered mail or delivered in person. The agenda is supplemented if the
proposal is received no later than 14 before the General Shareholders Meeting;
(ii) to propose draft resolutions on the issues already included or to be
included in the agenda of the General Shareholders Meeting at any time prior to
the date of the General Shareholders meeting (in writing, by registered mail or
delivered in person) or in writing during the General Shareholders Meeting;
(iii) to submit questions to the Company related to the issues of agenda of the
General Shareholders Meeting in advance but no later than 3 business days prior
to the General Shareholders Meeting  in writing by registered mail or delivered
in person. 

Shareholder participating at the General Shareholders Meeting and having the
right to vote must submit documents confirming personal identity. Each
shareholder may authorize either a natural or a legal person to participate and
to vote on the shareholder's behalf at the General Shareholders Meeting. The
representative has the same rights as his represented shareholder at the
General Shareholders Meeting. The authorized persons must have documents
confirming their personal identity and power of attorney approved in the manner
specified by law which must be submitted to the Company no later than before
the registration for the General Shareholders Meeting. Shareholder is entitled
to issue power of attorney by means of electronic communications for legal or
natural persons to participate and to vote on his/her behalf at the General
Shareholders Meeting. The shareholders must inform the Company about the power
of attorney issued by means of electronic communications no later than before
the registration for the General Shareholders Meeting. The power of attorney
issued by means of electronic communications and notice about it must be
written and submitted to the Company by means of electronic communications. 

Shareholder or its representative may vote in writing by filling general voting
bulletin, in such a case the requirement to deliver a personal identity
document does not apply. The form of general voting bulletin is presented at
the Company‘s webpage. If shareholder requests, the Company shall send the
general voting bulletin to the requesting shareholder by registered mail or
shall deliver it in person no later than 10 days prior to the General
Shareholders Meeting. The filled general voting bulletin must be signed by the
shareholder or its authorized representative. Document confirming the right to
vote must be added to the general voting bulletin if authorized person is
voting. The filled general voting bulletin must be delivered to the Company by
means of electronic communications (by fax.: + 370 5 2790530), registered mail
or in person no later than before the day of the General Shareholders Meeting. 
Information related with the convened General Shareholders Meeting (notice on
convocation of General Shareholders Meeting, information about Company‘s
shares, draft resolution, etc.) are available on the Company's webpage
http://www.invalda.lt. 
For the further information please contact + 370 5 2752776.

Kristina Gudauskaite
Assistant to president
Tel. + 370 5 2752776