INVL Baltic Farmland

Investor Presentation • Jan 27, 2015

Key information about INVL Baltic Farmland, AB for 12 months of 20141

About INVL Baltic Farmland, AB

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

INVL Baltic Farmland manages shares of companies investing into agricultural land. INVL Baltic Farmland has 100% in 18 companies owning more than 3 thousand hectares of agricultural land in Lithuania.

Shares of INVL Baltic Farmland are listed on NASDAQ Vilnius stock exchange since 4 June 2014.

Group structure of INVL Baltic Farmland, AB

Agricultural land portfolio of INVL Baltic Farmland, AB.

Plots belonging to the company are in the most fertile areas of Lithuania. They are highlighted in blue.

he T	ba lan ce	he t s e	su mm ar	t re or	f o	I N V L	l ic Ba t	lan d Fa rm	as	f o	3 1
			y	p
De ce	be 2 0 m r	1 4

lan he ho d Ba t, L T L t ce s e us an
Inv est nt ert me p rop y	3 6, 4 5 6
de b les Tra iva re ce	8 7
fer De d t ets re ax ass	1 4
Ca h s	2 6 7
he Ot ts r a sse	1 8
fer d l b l De inc e t ia i it ies re om ax	2, 8 8 9
Ot he l ia b i l it ies t r c en urr	1 0 8
fer d De inc re om e	-
he l b l Ot ia i it ies r	1 0 8
Co l i da d e ity te nso q u	3 4, 2 9 5

Ke f ig f I N V L Ba lt ic Fa lan d a f 3 1 De be 2 0 1 4 y ur es o rm s o ce m r
Co l le d c lt iva d c lan d a ha ntr te o rop rea u ,	3 0 0 2
k v lue f lan d, ho d Bo L T L t o a o usa n	* 3 6, 4 5 6
Av l inc he in 2 0 1 4, L T L ta cta era g e r en om e p er re	3 7 7
Co l da d e ho d i te ity L T L t nso q u usa n ,	3 2 9 4, 5
be f s ha Nu m r o res	3, 2 9 2, 2 5 9
k v lue f o ha Bo L T L o a o ne s re,	1 0. 4 2

*Investment properties are stated at fair value and are valued by accredited valuer UAB korporacija Matininkai using sales comparison method. The valuation was performed in June-July 2014.

The profit (loss) summary report of INVL Baltic Farmland as of 31 December 2014

f it ( los ), ho d Pr L T L t o s us an
Re ve nu e	7 9 4
Inc be for e t om e ax	3 8 5
f Ne t p it ro	3 3 1

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.