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INVL Baltic Real Estate

Board/Management Information Dec 15, 2015

2258_iss_2015-12-15_358919a9-d1f8-4eaa-a037-b3bfea6a10f9.html

Board/Management Information

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Disclosure 328955

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: [email protected]

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