INVL Baltic Real Estate - Notification on material event

INVL Baltic Real Estate’s CEO from 4 January 2016 will be Egidijus Damulis

Vilnius, Lithuania, 2015-12-15 08:33 CET (GLOBE NEWSWIRE) -- Leadership of the
real estate investment company INVL Baltic Real Estate as of 4 January 2016
will be assumed by Egidijus Damulis. As chief executive officer at the company,
he will replace Andrius Daukšas. The latter will become deputy CEO of INVL
Baltic Real Estate and will continue his career as an investment manager at
Invalda INVL, one of the Baltic region’s leading asset management groups,
actively contributing to the development and supervision of other businesses
managed by the group. 

Egidijus Damulis was until recently general manager of the companies Selvaag
Lietuva UAB, Oslo Namai UAB and Eicore UAB (Comfort Hotel LT). He is also a
member of the board of Baltic Sea Properties AS, Eicore UAB and the Lithuanian
Real Estate Development Association (LNTPA). 

INVL Baltic Real Estate, which is listed on the NASDAQ Vilnius exchange,
manages about 58,200 square metres of real estate premises in Vilnius and Riga. 


         Person authorized to provide additional information:
         Chairman of the Board Alvydas Banys
         E-mail: alvydas.banys@invaldalt.com