Invalda INVL

Earnings Release • Mar 8, 2016

INVALDA

Key information about Invalda INVL, AB for 12 months of 2015

Invalda INVL, operating since 1991, is one of the leading asset management groups in the Baltic region. The companies it owns in Lithuania and Latvia manage more than ²⁰ mutual, real estate andpension funds (2nd and ³rd pillar), alternative investments, individual portfolios, private equity andother financial instruments. Companies in the group manage more than EUR ³⁰⁰ million of assets entrusted to them by over 150,000 clients in Lithuania and Latvia as well as international investors.

The shares of Invalda INVL have traded on the NASDAQ Baltic exchange since 1995.

Ne of th e C tho nd EU R t ets ass om pan usa y,	Eva lua tio crit n	20 15. 12. 31	20 14. 12. 31
Inv est nt i nto set nt me as m ana ge me	Ac isit ion st ice qu co pr		6, 95 5	5, 78 9
Ca sh and sh uiv ale nts ca eq	Bo ok val	ue	1, 23 8	3, 29 2
De fer red inc e t et om ax ass	Bo ok val	ue	137	40 2
Inv into IN VL Ba ltic Re al E AB est nts sta te, me	Ma rke t p	rice	1, 98 5	1, 62 8
Inv IN VL Te chn olo AB est nts into me gy,	Ma rke t p	rice	3, 831	743
Oth list ed sha d in tm ent fu nds ' un its er res an ves	Ma rke t p	rice	512	1, 143
Inv into Lit UA B ( inc lud ing lo ed) est nts ant me ag ra, ans gr	Co tive eth od mp ara m	of ltip lier mu s	14, 89 7	14, 90 9
Inv est nts int o S iau liu Ba nka me s	Ma rke t p	rice	6, 36 3	-
Inv ban k Fin nd FM Į Fin est nts into ast ast me a a a	Ac isit ion st ice qu co pr		-	4, 28 4
Inv int o In vis UA B ( inc lud ing loa d) est nts nte me ser ns gra ,	Co tive eth od of ltip lier mp ara m mu s		4, 82 8	3, 95 2
Inv her bsi dia ( lud est nts into ot ies inc ing me su ry c om pan loa d) nte ns gra	Fai lue of t as set r va ne s		1, 35 1	1, 434
Loa of IN VL Ba ltic Re al E AB to ies sta te, ns gro up com pan	Bo ok val ue		6, 86 2	5, 212
Loa to ies of IN VL Te chn olo AB ns gro up com pan gy,	Bo ok val ue		-	2, 03 7
Oth oth inv ets est nts er ass er me ,	Bo ok val ue		60 2	977
Lia bili ties	Bo ok val ue		( 2) 80	( 0) 1, 26
NE T A SS ET VA LU E			48 75 9 ,	44 54 2 ,
Ba lan she of t he Gro th and EU R et ce up, ous	20 15. 12. 31		20 14. 12. 31
No ent set n-c urr as s	32 56 5 ,		35 56 5 ,
Cu nt a ts rre sse	17, 29 0		10, 219
TO TA L A SS ETS	49 80 4 ,		45 784 ,
No lia bili ties ent n-c urr	77		-
Cu nt l iab iliti rre es	1, 32 1		1, 29 9
TO TA L LIA BIL ITIE S	1, 39 8		1, 29 9
EQ UIT Y	48 40 6 ,		48 44 5 ,
Eq uity r sh EU R pe are ,	4.1 3		3.7 5
Pro los tho nd EU R	Gro up		Co mp any
fit ( s), usa	20 15	20 14	20 15	20 14
Rev en ue	3, 59 2	2, 59 1	-	-
Ne han in f air val of f ina nci al a t c ts ge s ue sse	4, 94 2	3, 44 6	4, 93 9	17, 69 1
Pro fit bef inc e t ore om ax	4, 715	2, 92 8	5, 03 2	22 34 6 ,
Ne rof it t p	4, 471	4, 010	4, 767	20 49 8 ,

LJB Investments, UABIrena Ona MiseikieneLucrum investicija, UABAlvydas BanysIndre MiseikyteOther shareholders

INVALDAKey information about Invalda INVL, AB for 12 months of 2015

EU R m illio n	2 0 15		2 0 14
( i f n d o he ise ) ot sta te t rw	Lit hu ia an	Lat via	Lit hu ia an	Lat via
Nu mb f c lie ho d nts t er o us an ,	11 8. 2	4 8. 5	11 3. 7	4 8. 0
As nd t u t se er ma na g em en	2 6 5. 2	6 3. 0	2 3 0. 2	45 1
2n d p illa sio fun ds r p en n	17 9. 0	45 7	15 5. 2	4 0. 5
3r d illa fun ds sio p r p en n	1 0. 6	1. 2	8. 3	1. 2
fun Inv tm t ds es en	3 2. 5	8 14.	3 8. 4	2. 2
C fo lie nts ort lio p s	3 3. 6	3 1.	2 8. 3	2 1.
Alt ati ts ern ve as se	9. 5	-	-	-
Re ve nu e	2. 9	0. 7	2. 4	0. 6
Pro fit be for ( EU R ho d ) tax t e us an	( 711 )	3 0	( 1 0 )	15 0

More information on the services and activity of asset management sector is provided on http://www.invl.com

Listed companiesBALTIC REAL ESTATEMore information on the listed companies is provided in the website of stock exhange : http://www.nasdaqbaltic.com60%80%100%120%140%160%More information about companies are priovided on websites: www.invltechnology.lt http://bre.invl.com www.sb.lt/

Agriculture

During the reporting period in the agricultural sector Invalda INVL, AB owned 36.9 percent of Litagra, UAB (one of the largest groups of agriculture companies in the Baltic states) shares through the company Cedus Invest. At the end of 2015, Litagra shares were valued at EUR 14.9 million.

EU R mi llio n	2 0 15	2 0 14	2 0 1 3
Sa les	1 3 1. 4	1 3 4. 2	1 3 1. 3
EB ITD A	6. 5	5. 1	8. 1
Ne fit t p ro	2. 4	0. 8	3. 8

More information on the services and activity of the Litagra is provided onhttp://www.litagragroup.lt

Invalda INVL, AB owns facility management companies – Inservis Priemiestis, Jurita andAdvima. The facility management companies allocated EUR 0.5 million of dividends for 2015. InNovember ²⁰¹⁵ Inservis, UAB group sold ¹⁰⁰ percent of Naujosios Vilnios Market shares for EUR²⁹⁰ thousand.

At the end of ²⁰¹⁵ facility management companies were valuedat EUR 4.6 milion.

	EU R mi llio n	2 0 15	2 0 14	2 0 3 1
Sa les		7. 6	5. 9	4. 5
EB ITD A		0. 8	0. 7	0. 3
Ne fit t p ro		0. 6	0. 5	0. 1

More information on the services and activity of the facility management companies is provided on : http://www.inservis.lt