Invalda AB - Notification on material event

The president of Invalda AB will change

Vilnius, Lithuania, 2011-12-08 15:09 CET (GLOBE NEWSWIRE) -- On 8 December 2011
the board of Invalda issued a decision to appoint Dalius Kaziunas the president
of the company. Mr. Kaziunas will replace Darius Sulnis starting 1 January
2012. D.Sulnis will stay as an active member of the board of Invalda. 
Dalius Kaziunas, 35 years old, started a career as an assistant of the broker
at the financial brokerage firm Finasta in 1996 (Finasta has became the
subsidiary of Invalda in 1998), at that time still a student. Later D.Kaziunas
worked as the financial broker and in 2002 became the chief executive officer
of Finasta. In 2008-2009 Mr. Kaziunas was the general manager and the chairman
of the board of the newly established Bank Finasta. Since 2008 Mr. Kaziunas is
the member of the board of Invalda. During professional career Dalius Kaziunas
has gained unique experience (both local and international) in business
processes, restructuring, team organisation, mergers and acquisitions. 
Darius Sulnis, who was the president of Invalda from the beginning of 2012, had
two main reasons of the decision to initiate changes: the belief that if
companies and people seek to self improve, they need to change from time to
time, and the possibility to focus on the decision making in respect of
development alternatives of Invalda being a step away from the day-to-day
business. 



         The person authorised to provide additional information:
         Darius Sulnis
         The president of Invalda AB
         Tel. +370 5273 4876