Invalda INVL — Capital/Financing Update 2013

Jun 18, 2013

On the short – term loan and pledge of shares in Vilniaus Baldai, AB

On the short – term loan and pledge of shares in Vilniaus Baldai, AB

Vilnius, Lithuania, 2013-06-18 16:22 CEST (GLOBE NEWSWIRE) -- The public
joint-stock company Invalda LT, AB and DNB Bank, AB executed a short - term
loan agreement of value of EUR 4.924 million (LTL 17 million). The agreement
was secured by pledge of 1 529 312 shares in Vilniaus Baldai, AB comprising of
39.35 percent of the authorized capital of Vilniaus Baldai, AB, owned by
Invalda LT, AB. The loan was issued to Invalda LT, AB due to the intended
tender offer to buy up shares in Vilniaus Baldai, AB. It is assumed that
Invalda LT, AB may acquire 12.72 percent of the shares in Vilniaus Baldai, AB
for the value of EUR 7,352 million (LTL 25,385 million).

     The person authorized to provide additional information:
     Darius Sulnis
     President
     Tel. +370 5279 0601
     E-mail: darius@invaldalt.com