INVL Baltic Real Estate

Earnings Release • Mar 16, 2015

Annual information of INVL Baltic Real Estate, AB of 2014¹

About INVL Baltic Real Estate, AB

The public joint-stock company INVL Baltic Real Estate was established on 29 April 2014 on the basis of a part of assets split-off from Invalda LT, AB.

INVL Baltic Real Estate seeks to earn from investments in commercial real estate, ensuring the growth of rental income. The companies of INVL Baltic Real Estate have invested in an office, warehouse, manufacturing real estate objects in Lithuania and Latvia. Group companies have about 51,700 sq. m of the real estate space.

Shares of INVL Baltic Real Estate are listed on NASDAQ Vilnius stock exchange since 4 June 2014. Simplified group structure of INVL Baltic Real Estate, AB

Real estate objects owned by group companies of INVL Baltic Real Estate, AB in Vilnius (Lithuania)

Real estate objects owned by group companies of INVL Baltic Real Estate, AB in Riga (Latvia)

Key figures of INVL Baltic Real Estate, AB as of 31 December 2014

LT L m illi ( i f n d o he ise ) ot sta te t on rw	Th e G rou p	Th e C om p an y
d c Ma nag e om mo n a rea	676 51, sq . m	-
Ma d r l ar ent nag e a ea	40 500 sq . m ,	-
Th l es lue * tat e r ea e v a	116 .87	-
in bsi dia ries Inv est nts to me su	-	39 .17
Va lue f t he loa d for ies in La tvi ant o ns gr e co mp an a	14. 18	14. 18
lue f t he loa d for bsi dia Va ant ries o ns gr e su	-	1.1 7
de he b lea Lon ter nt r t nt g- m pr epa me un se ag ree me y su	2.8 5	-
Ca h s	1.2 4	0.1 5
Ot her set as s	1.6 2	-
AS SE TS	13 6.7 6	.67 54
Eq uity	50 .03	50 .06
fro dit Loa in stit utio ns m cre ns	52 .79	-
fro lda Loa Inv LT ns m a	18. 00	-
Loa fro bsi dia ries ns m su	-	4.5 8
De fer d t lia bi lity re ax	12. 32	-
her b les Ot pa ya	3.6 2	0.0 3
TO TA L E Q UI TY AN D L IA BI LIT IE S	13 6.7 6	54 .67

* Value estimated based on appraiser's assessment at the end 2014.

Income of INVL Baltic Real Estate, AB as of 31 December 2014

LT L m illi on	Th e G rou p	Th e C om p an y
In co me	12 .13	-
l in fro bj ta ect ren com e m ow n o s	6.0 0	-
fro l in d by lien ta ert ts ren com e m pr op y ow ne c	3.8 2	-
her ot in com e	2.3 1	-
Pro fit be for e t ax	1.7 3	1.3 7
fit Ne t p ro	1.4 9	1.3 7

¹The information covers the interim financial period of the Company, starting from the Company's establishment date on 29 April 2014 and ending on 31 December 2014.