INVL Baltic Real Estate

Earnings Release • Feb 13, 2015

Key information about INVL Baltic Real Estate, AB for 12 months 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.

INVL Baltic Real Estate, AB later will apply to the Bank of Lithuania for closed-end investment company license and in its essence will become similar to investment fund. 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 group as of 31 December 2014

illi ( i f n d o he ise ) EU R m ot sta te t on rw
d c Ma nag e om mo n a rea	51, 676 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	33 .85
Va lue f t he loa d for ies in La tvi ant o ns gr e co mp an a	4.1 1
de he b lea Lon ter nt r t nt g- m pr epa me un su se ag ree me y	0.8 2
Ca h s	0.3 6
her Ot set as s	0.4 7
AS SE TS	39 .61
Eq uity	14. 51
Loa fro dit in stit utio ns m cre ns	15. 29
Loa fro Inv lda LT ns m a	5.2 1
fer d t lia bi lity De re ax	3.5 7
Ot her b les pa ya	1.0 3
TO TA L E Q UI TY AN D L IA BI LIT IE S	39 .61

* Value estimated based on appraisers assessment at the end 2014.

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

illi EU R m on
In co me	3.5 1
l in fro bj ta ect ren com e m ow n o s	1.7 4
l in fro d by lien ta ert ts ren com e m pr op y ow ne c	1.1 0
her in ot com e	0.6 7
fit be for Pro e t ax	0.5 2
Ne fit t p ro	0.4 5

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.