Invalda INVL — Interim / Quarterly Report 2013

May 28, 2013

Invalda AB Consolidated Interim Report for 3 months of 2013

Prepared according to The Rules for the Drawing-up and the Submission of the Periodic and Additional Information, approved by Resolution No. 1K-3 of 23.02.2007 of the Lithuanian Securities Commission

Approved by the Board decision No. 2013- 13 passed on May 27, 2013

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Consolidated interim report of Invalda AB for 3 months of 2013

Invalda

Translation note:

This version of the Annual Report is a translation from the original, which was prepared in Lithuanian language. All possible care has been taken to ensure that the translation is an accurate representation of the original. However, in all matters of interpretation of information, views or opinions, the original language version takes precedence over this translation.

CONTENTS

I. GENERAL INFORMATION 3

1. Reporting period for which the report is prepared 3
2. General information about the Issuer and other companies comprising the Issuer's group 3

2.1. Information about the Issuer 3
2.2. Information about other companies comprising the Issuer's group 3

1. Agreements with intermediaries on public trading in securities 5
2. Information on Issuer's branches and representative offices 5
3. The order of amendment of Issuer's Articles of Association 5

II. INFORMATION ABOUT SECURITIES 5

1. Information about Issuer's authorised capital 5
   6.1. Structure of the authorised capital 5
2. Shareholders 6
3. Information about the Issuer's own shares 7
4. Trading of Issuer's and Issuer's group companies securities on a regulated market 8

9.1. Trading in securities of the Issuer 8
9.2. Trading Issuer's group companies securities 9

III. ISSUER'S MANAGING BODIES 9

1. The governing bodies of Invalda AB 9
   Information about Issuer's Board members, the president and CFO 10
2. Information on the amounts calculated by the Issuer, other assets transferred and guarantees granted to the Board members, the president and CFO 12

IV. INFORMATION ABOUT THE ISSUER'S AND ITS GROUP COMPANIES' ACTIVITY 12
12. Overview of the Issuer's and its group activity 12

12.1. Significant Issuer's and its group events during the reporting period and since the end of it 12
Furniture manufacturing sector 13
Real estate sector 14
Facility management sector 15
Agricultural sector 15
IT sector 16

12.2. Issuer's and its group companies' performance results 17
13. A description of the principal risks and uncertainties 18
14. Information about the extent of risk and its management in the Company 18
15. Issuer's and its group activity plans and forecasts 18
16. Information on the related parties' transactions 18

APPENDIX 1. INFORMATION ABOUT GROUP COMPANIES, THEIR CONTACT DETAILS 19

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Consolidated interim report of Invalda AB for 3 months of 2013

Invalda

I. GENERAL INFORMATION

1. Reporting period for which the report is prepared

The report is prepared for 3 months of 2013.

2. General information about the Issuer and other companies comprising the Issuer's group

2.1. Information about the Issuer

Name and legal form of the Issuer	Public company Invalda, hereinafter Invalda AB
Enterprise code	121304349
Address	Seimyniskiu str. 1A, LT-09312 Vilnius, Lithuania
Telephone	+370 5 279 0601
Fax	+370 5 279 0530
E-mail	info@invalda.lt
Website	www.invalda.lt
Date and place of registration	March 20, 1992, Register of Enterprise of Vilnius
Register, in which data about the Company are accumulated and stored	Register of Legal Entities

Invalda AB is one of the largest Lithuanian investment companies whose primary objective is to steadily increase the investor equity value. For the purpose of attainment of this objective Invalda AB actively manages its investments, exercising control or significant influence over target businesses.

Invalda AB started the activity in 1991. Its equities have been traded on the NASDAQ OMX Vilnius Exchange since 1995.

In respect of each business Invalda AB defines its performance objectives, sets up the management team, participates in the development of the business strategy and monitors its implementation. We play an active role in passing decisions on strategic and other important issues that have an effect upon the value of the group companies.

2.2. Information about other companies comprising the Issuer's group

The main sectors of Invalda AB are the following: furniture manufacturing, real estate, facility management, agriculture and information technology (IT) infrastructure.

Group's companies and their contacts are presented in Appendix 1 of this report.

Fig. 2.2.1. The main sectors of Invalda AB group as of March 31, 2013

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Consolidated interim report of Invalida AB for 3 months of 2013

Invalida

Picture 2.2.2. Simplified structure of Invalida AB group management as of group as of December 31, 2012

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Consolidated interim report of Invalda AB for 3 months of 2013

Invalda

3. Agreements with intermediaries on public trading in securities

Invalda AB has signed agreements with these intermediaries:

• Finasta AB FMI (Maironio str. 11, Vilnius, Lithuania, tel. +370 5 278 6833) – the agreement on investment services, the agreement on management of securities accounting, the agreement on payment of dividends;
• Bank Finasta AB (Maironio str. 11, Vilnius, tel. +370 5 203 2233) – the agreement on management of securities account, the agreement on investment services;
• Siauliu Bankas AB (Tilzes str. 149, Siauliai, Lithuania, tel. +370 41 595 607) – the agreement on management of securities account and intermediation;
• DnB Bankas AB (J. Basanaviciaus str. 26, Vilnius, Lithuania, tel. +370 5 239 3503) – the agreement on financial instruments account management, implementation of orders and offering recommendations;
• SEB Bankas AB (Gedimino ave. 12, Vilnius, Lithuania, tel. +370 5 268 2370) – the agreement on securities accounting;
• Medicinos Bankas UAB (Pamenkalnio str. 40, Vilnius, Lithuania, tel. +370 5 264 4845) – the agreement on management of securities account;
• FMI Orion Securities UAB (A. Tumeno str. 4, block B, Vilnius, Lithuania, tel. +370 5 231 3841) – the agreement on investment services;
• Dom Maklerski BZ WBK S.A. (Pl. Wolnosci str. 15, 60-967 Poznan, Poland, tel. +48 61 856 48 80) – the agreement of intermediation;
• AB SEB Pank (Tornimae str. 2, 15010 Tallin, Estonia, tel. +372 6657 772) – the agreement of intermediation.

4. Information on Issuer's branches and representative offices

Invalda AB has no branches or representative offices.

5. The order of amendment of Issuer's Articles of Association

The Articles of Association of Invalda AB may be amended by resolution of the General Shareholders' Meeting, passed by more than 2/3 of votes (except in cases provided for by the Law on Companies of the Republic of Lithuania).

During the reporting period the Company's Articles of Association were not amended:

Actual wording of the Articles of Association is dated as of August 6, 2012. The document has been published on the Company's website.

II. INFORMATION ABOUT SECURITIES

6. Information about Issuer's authorised capital

6.1. Structure of the authorised capital

Table 6.1.1. Structure of Invalda AB authorised capital as of March 31, 2013.

Type of shares	Number of shares, units	Total voting rights granted by the issued shares, units	Nominal value, LTL	Total nominal value, LTL	Portion of the authorised capital, %
Ordinary registered shares	51,802,146	46,621,932	1	51,802,146	100.00

Table 6.1.2. Structure of Invalda AB authorised capital as of May 27, 2013.

Type of shares	Number of shares, units	Total voting rights granted by the issued shares, units	Nominal value, LTL	Total nominal value, LTL	Portion of the authorised capital, %
Ordinary registered shares	51,802,146	45,522,589	1	51,802,146	100.00

All shares are fully paid-up and no restrictions apply on their transfer.

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Consolidated interim report of Invalda AB for 3 months of 2013

Invalda

7. Shareholders

There are no shareholders entitled to special rights of control.

Invalda AB has no knowledge of any restriction on voting rights or mutual agreements between the shareholders, that might result in the restriction of shares transfer and (or) voting rights. There are no agreements to which the Issuer is a party and which would come into effect of being amended or terminated in case of change in the Issuer's control.

As of March 31, 2013 the total number of shareholders was over 5,000.

Table 7.1. Shareholders who held title to more than 5% of Invalda AB authorised capital and / or votes as of March 31, 2013

Name of the shareholder or Company	Number of shares held by the right of ownership, units	Share of the authorised capital held, %	Share of the votes, %
			Share of votes given by the shares held by the right of ownership	Indirectly held voices (total votes of the persons acting in concert)	Total (together with the persons acting in concert)
Mr. Vytautas Bucas	8,198,367	15.83	17.58	9.13	26.71
Mr. Darius Sulnis	3,984,762	7.69	8.55	18.17
Mr. Darius Kaziunas	271,346	0.52	0.58	26.13
Ms. Dovilė Kaziunienė	380	0.001	0.001	26.71
Ms. Indre Misekyte	455,075	0.88	0.00¹	26.71
Ms. Irena Ona Miseikiene	13,344,309	25.76	26.67¹	0.00	26.67
UAB „Lucrum investicija“, code 300806471, Seimyniškių str. 3, Vilnius	0	0	0.00	8.23²	8.23
Ms. Daiva Baniene	1,836,234	3.54	3.94	12.28	16.22
Mr. Alvydas Banys	3,779,624	7.30	4.35¹	11.87
UAB „LJB investments“, code 300822575, P. Smuglevičiaus str. 20, Vilnius	3,698,116	7.14	7.93	8.29
Mr. Algirdas Bucas	4,501,030	8.69	9.08¹	0.00	9.08

Fig. 7.1. Votes for the announcement day as of March 31, 2013

¹ The shareholder has acquired some of the Company's shares from other shareholders on the basis of repurchase agreement without voting rights.
² The shareholder has transferred some of the Company's shares to other shareholders on the basis of repurchase agreement without giving up voting rights.

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Consolidated interim report of Invalda AB for 3 months of 2013

Invalda

Table 7.2. Shareholders who held title to more than 5% of Invalda AB authorised capital and / or votes as of May 21, 2013

Name of the shareholder or Company	Number of shares held by the right of ownership, units	Share of the authorised capital held, %	Share of the votes, %
			Share of votes given by the shares held by the right of ownership	Indirectly held voices (total votes of the persons acting in concert)	Total (together with the persons acting in concert)
Mr. Vytautas Bucas	8,198,367	15.83	17.58	5.35	22.93
Mr. Darius Sulnis	2,219,762	4.29	4.76	18.17
Mr. Darius Kaziunas	271,346	0.52	0.58	22.35
Ms. Dovilė Kaziunienė	380	0.001	0.001	22.929
Ms. Indre Misekyte	455,075	0.88	0.00³	22.93
Ms. Irena Ona Miseikiene	13,344,309	25.76	26.67³	0.00	26.67
UAB „Lucrum investicija“, code 300806471, Seimyniškių str. 3, Vilnius	1,765,000	3.41	12.01	12.01⁴	12.01
Mr. Alvydas Banys	1,750,000	3.38	0.00³	16.22	16.22
UAB „LJB investments“, code 300822575, P. Smuglevičiaus str. 20, Vilnius	7,563,974	14.6	16.22	0.00
Mr. Algirdas Bucas	4,501,030	8.69	9.08³	0.00	9.08

Fig. 7.2. Votes for the announcement day as of May 21, 2013

8. Information about the Issuer's own shares

The Board of Invalda AB initiated a share buy – back program for acquisition of up to 10 percent of treasury shares for the price of LTL 8.287 (EUR 2.4) on February 13, 2013. The total amount of LTL 42.9 million has been allocated to this share buy – back program. After completion of the share buy – back program which lasted from February 19, 2013 till March 5, 2013, the Company acquired 5 180 214 shares that constitutes 10 percent in the Company's authorized capital.

The Extraordinary Shareholders Meeting of a joint-stock company Invalda decided to approve the split - off terms on April 9, 2013. The Company's share redemption procedure will last from April 10, 2013 till May 24, 2013.

³ The shareholder has acquired some of the Company's shares from other shareholders on the basis of repurchase agreement without voting rights.
⁴ The shareholder has transferred some of the Company's shares to other shareholders on the basis of repurchase agreement without giving up voting rights.

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Consolidated interim report of Invalda AB for 3 months of 2013

Invalda

The share redemption procedure of Invalda AB has been completed on May 24, 2013. In total it was requested to redeem 1,099,343 of shares that constitutes 2.1 percent of the authorized capital of the Company. The redeemed shares were settled on May 27, 2013.

9. Trading of Issuer's and Issuer's group companies securities on a regulated market

9.1. Trading in securities of the Issuer

Table 9.1.1. Main characteristics of Invalda AB shares admitted to trading

ISIN code	LT0000102279
Name	IVL1L
Exchange	NASDAQ OMX Vilnius
List	Baltic Main List (from 01.01.2008)
Listing date	December 19, 1995
Shares issued, units	51,802,146
Total voting rights granted by the issued shares, units	45,522,589
Nominal value, litas	1
Total nominal value	51,802,146

Company uses no services of liquidity providers.

Table 9.1.2. Trading in Invalda AB shares

	3 months of 2011	3 months of 2012	3 months of 2013
Share price, €
- open	2.000	1.930	1.970
- high	2.120	2.280	2.340
- low	1.750	1.871	1.960
- average	1.930	2.070	2.216
- last	1.920	2.274	2.310
Turnover, units	796,183	670,763	1,544,840
Turnover, €	1,582,473.64	1,373,700.95	3,491,796.76
Traded volume, units	1,882	1,429	2,595

Fig. 9.1.3. Turnover of Invalda AB shares, change of share price and indexes⁵, 2008-2012

⁵ OMX index is an all-share index which includes all the shares listed on the Main and Secondary lists on the NASDAQ OMX Vilnius with exception of the shares of the companies where a single shareholder controls at least 90% of the outstanding shares. The OMX Baltic Financial GI index is based on the Industry Classification Benchmark (ICB) developed by FTSE Group (FTSE). Dow Jones Stoxx EU Enlarged TMI index covers approximately 95% of the free float market capitalisation of the New Europe countries, including Bulgaria, Cyprus, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Romania, Slovakia and Slovenia.

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Consolidated interim report of Invalda AB for 3 months of 2013

Invalda

9.2. Trading Issuer's group companies securities

Shares of Invalda AB group company Vilniaus Baldai AB are admitted to trading in NASDAQ OMX Vilnius Main List.

9.2.1. Trading in shares of Vilniaus Baldai AB

Table 9.2.1.1. Main characteristics of Vilniaus Baldai AB shares admitted to trading

ISIN code	LT0000104267
Name	VBL1L
Exchange	NASDAQ OMX Vilnius
List	Baltic Main List
Listing date	June 05, 2000
Share issue, units	3,886,267
Nominal value, litas	4
Total nominal value, litas	15,545,068

Table 9.2.1.2. Trading in Vilniaus Baldai AB shares

	3 months of 2011	3 months of 2012	3 months of 2013
Share price, €
- open	9.401	10.300	14.500
- high	10.777	13.500	16.900
- low	7.800	10.300	14.200
- average	9.302	11.900	15.128
- last	9.600	13.100	16.300
Turnover, units	28,717	13,417	23,175
Turnover, €	273,095.17	157,036.94	352,064.6
Traded volume, units	294	205	322

Fig. 9.2.1.3. Turnover and share price of Vilniaus Baldai AB

III. ISSUER'S MANAGING BODIES

10. The governing bodies of Invalda AB

The governing bodies of Invalda AB are: the General Shareholders' Meeting, sole governing body – the President, and a collegial governing body – the Board. The Supervisory Board is not formed.

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Consolidated interim report of Invalda AB for 3 months of 2013

Invalda

Information about Issuer's Board members, the president and CFO

Chairman of the Board
Vytautas Bucas (1968)

Educational background and qualifications

1993, Vilnius University, Faculty of Economics

Since 2002 member of Association of Chartered Certified Accountants, UK

Job experience

Since 2006 advisor, member of the Board, Invalda AB (since May 2007 chairman of the Board, Invalda AB)

2006-2007 director, Invaldos Nekilnojamojo Turto Fondas AB

2000-2006 member of the Board, executive vice president, CFO, Head of IT department, SEB Vilniaus Bankas AB

1992-2000 senior manager, manager, senior auditor, Arthur Andersen

Owned amount of Invalda AB shares is the following: 8.198.367 units of shares and votes. Share of authorised capital – 15.83%. Share of votes given by the shares held by the right of ownership –17.58%. Total (together with the persons acting in concert) –22.93%.

Participation in other companies

Name of the company or organization	Position
Invaldos Nekilnojamojo Turto Fondas AB	Chairman of the Board
Vilniaus Baldai AB	Chairman of the Board
BAIP Group UAB	Chairman of the Board
Inreal pastatu prieziura UAB	Board member
Litagra UAB	Board member

Member of the Board
Darius Sulnis (1971)

Educational background and qualifications

1993, Vilnius University, Faculty of Economics

Financial broker's license (general) No. A109

Job experience

2013 - the President (since 23 May, 2013)

2006 - 2011 the President (since 2006 member of the Board, Invalda AB).

2002-2006 director, Invalda Nekilnojamojo Turto Valdymas UAB

1994-2002 director, FBC Finasta AB

Owned amount of Invalda AB shares is the following: 2.219.762 units of shares. Share of authorised capital – 4.29%. Share of votes given by the shares held by the right of ownership – 4.76%. Total (together with the persons acting in concert) – 22.93%.

Participation in other companies

Name of the company or organization	Position
Vilniaus Baldai AB	Board member
Burusala SIA	Chairman of the Supervisory Board
DOMMO SIA	Chairman of the Supervisory Board
Invaldos Nekilnojamo Turto Fondas AB	Board member
Litagra UAB	Board member

Owned shares and votes of other companies:

Company	Portion of share capital	Portion of votes
Golfas UAB	31 %	31 %
Lucrum Investicija UAB	100 %	-

Member of the Board
Indre Miseikyte (1970)

Educational background and qualifications

1994 Vilnius Gedimino Technical University, faculty of architecture

Job experience

Since 2012 member of the Board, Invalda AB

Since 2002 an architect, Inreal valdymas UAB

2000 – 2002, an architect, Gildeta UAB

1996 – 1997 an architect, Gildeta UAB

1996 – 1997 an architect, Kremi UAB

1994 – 1996 an architect, Vilniau baldai AB

Owned amount of Invalda AB shares is the following: 455.075 units of shares. 0.88 percent of Invalda AB shares acquired by repurchase agreement, but those shares do not allow the voting right.

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Consolidated interim report of Invalda AB for 3 months of 2013

Invalda

The President (until May 22, 2013), Member of the Board Dalius Kaziunas (1976)

Educational background and qualifications

2000, Vilnius university, Faculty of Economics
Financial broker's license (trader) No. P022

Job experience

Until May 23, 2013, Invalda AB the President
Since 2008 Invalda AB advisor, 2008-2012 – Board member
2008 - 2009 Bank Finasta AB general manager
1996-2008 FBC Finasta AB director (since 2002), financial broker, assistant to the financial broker

Owned amount of Invalda AB shares is the following: 271.346 units of shares and votes. Share of authorised capital – 0.52 %. Share of votes given by the shares held by the right of ownership –0.58 %. Total (together with the persons acting in concert) – 22.93%.

Participation in other companies

Name of the company or organization	Position
Ineturas UAB	Board member
Inreal pastatu prieziura UAB	Board member
Vilniaus Baldai AB	Board member
Kelio Zenklai UAB	Chairman of the Board
BAIP Group UAB	Board member
Invetex AB	Board member
Vernitas AB	Supervisory Board member
Jurita UAB	Board member
Lauko gelininkystes bandymu stotis UAB	Chairman of the Board
Litagra UAB	Board member

CFO Raimondas Rajeckas (1977)

Educational background

2001, Vilnius University, Faculty of Economics

Job experience

Since 2006 CFO, Invalda AB
2001-2006 CFO, Valmeda AB
2000-2001 CFO, Galincius AB
2000-2001 CFO, Invaldos Marketingas UAB (current name Inreal valdymas UAB)
2000-2002 accountant, Gildeta AB
1998-2000 accountant, Invalda AB

Owned amount of Invalda AB shares is the following: 3556 units of shares.

Participation in other companies

Name of the company or organization	Position
Aktyvo UAB	Director
Investiciju Tinklas UAB	Director
FORTINA UAB	Director
Aktyvus Valdymas UAB	Director
Finansu Rizikos Valdymas UAB	Director
Iniciatyvos Fondas	Director
MBGK UAB	Director
MGK Invest UAB	Director
RPNG UAB	Director
Regenus UAB	Director
Cedus Invest UAB	Director
Consult Invalda UAB	Director
VIA Solutions UAB	Director
Cedus UAB	Director
Invetex AB	Chairman of the Board
Invaldos nekilnojamojo turto fondas AB	Director (since 2013 01)

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Consolidated interim report of Invalda AB for 3 months of 2013

Invalda

11. Information on the amounts calculated by the Issuer, other assets transferred and guarantees granted to the Board members, the president and CFO

Within three months period of 2013 the calculated remuneration for the Board members of Invalda AB (as employees of the Company) amounted to 269.8 thousand litas, that is on the average 30.0 thousand litas per month for each member.

The calculated remuneration to the president of the Company and CFO totalled 127.7 thousand litas, on the average 21.3 thousand litas per month for each.

During the reporting period the Issuer transferred no assets, granted no guarantees, paid no bonuses or dividends, and made no special payouts for the Company's managers and CFO.

IV. INFORMATION ABOUT THE ISSUER'S AND ITS GROUP COMPANIES' ACTIVITY

12. Overview of the Issuer's and its group activity

12.1. Significant Issuer's and its group events during the reporting period and since the end of it

The Company

• On February 13, 2013 the Board of Invalda AB finished the drawing – up of the Company's split – off terms and initiated a share buy – back program for acquisition of up to 10 percent of treasury shares. According to the publicly announced split – off terms, a part of Invalda AB will be split – off and on the basis of this part a new public joint – stock company Invalda Privatus Kapitalas AB will be formed. In the split – off, 45.45 percent of the total assets of the Company (a balance sheet value of the Company's assets at the end of September 2012 totaled to LTL 376.437 million) as well as 45.45 percent of the Company's equity capital and liabilities will be allocated to the newly established entity. The shares in Invalda Privatus Kapitalas AB are not going to be listed on NASDAQ OMX Vilnius Stock Exchange.

The new name of the Company after the split – off will be Invalda LT AB.

In the split – off, the Company's shares in Cedus Invest UAB (which holds 36.9 percent of shares in Litagra UAB) and Vilniaus Baldai AB will be allocated to the companies continuing after the split – off proportionally, i.e. 39.35 percent of shares in Vilniaus Baldai AB and 54.55 percent in Cedus Invest UAB will be allocated to Invalda LT AB; 32.79 percent of shares in Vilniaus Baldai AB and 45.45 percent of shares in Cedus Invest UAB will be allocated to the newly established company Invalda Privatus Kapitalas AB.

According to the split – off terms the following assets of a balance value of LTL 85.651 million will be allocated to Invalda LT AB after the split – off: commercial real estate objects (that currently are under possession of Invalda Nekilnojamojo Turto Fondas UAB) as well as IT and facility management companies and Kelio Zenklai UAB. Furthermore, the assets of a balance sheet value of LTL 66.281 million will be allocated to Invalda Privatus Kapitalas AB, in particular real estate objects that are currently under development as well as service companies acting under the „Inreal“ brand.

Other financial assets, including cash and smaller investments will be split – off allocating LTL 71.292 million to Invalda LT AB and LTL 64.044 million to Invalda Privatus Kapitalas AB.

After the split – off, total balance value of the assets of Invalda LT AB (as of September 30, 2012) will amount to LTL 205.355 million; total balance value of the assets of Invalda Privatus Kapitalas AB will amount to LTL 171.083 million.

The authorized capital of Invalda LT AB after the split – off (on the condition that the Company does not acquire treasury shares) will amount to LTL 28.259 million and the authorized capital of Invalda Privatus Kapitalas AB will total to LTL 23.543 million. If before the completion of the split – off the Company acquires treasury shares, the above mentioned authorized capitals will be reduced accordingly.

At the completion of the split – off, the amount of shares held by shareholders of Invalda AB will be reduced by 45.45 percent and the same amount of shares in the new company (not listed on NASDAQ OMX Vilnius Stock Exchange) will be issued to those shareholders. For example, the shareholder who held 10.000 shares in Invalda AB, after the split – off would receive 5.455 shares in Invalda LT AB and 4.545 shares in Invalda Privatus Kapitalas AB.

The shareholders holding the shares the nominal value less than 1/10 of the authorized capital of the Company, will have a right within 45 days after approval of the split – off terms by the general meeting of shareholders to request that their shares would be redeemed by the Company. The price as well as the procedure of redemption will be approved by the Board; however the price may not be lower than the average price of the Company's shares on NASDAQ OMX Vilnius Stock Exchange within 6 last months. The Board of Invalda AB initiated a share buy – back program for acquisition of up to 10 percent of treasury shares for the price of LTL 8.287 (EUR 2.4). The total amount of LTL 42.9 million has been allocated to this share buy – back program.

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Consolidated interim report of Invalda AB for 3 months of 2013

Invalda

After the split – off, Darius Sulnis, Alvydas Banys and Irena Ona Miseikiene as well as the persons related to them will be the largest shareholders in Invalda LT; and Vytautas Bucas, Algirdas Bucas and Irena Ona Miseikiene will be the largest shareholders in Invalda Privatus Kapitalas AB.

• On March 8, 2013, after the settlement of the shares acquired by Invalda AB during the share buy – back program within the time period from February 19, 2013 till March 5, 2013, the Company acquired 5 180 214 shares that constitutes 10 percent in the Company's authorized capital. As own shares of the Company do not have voting rights, the shares of Invalda AB (ISIN LT0000102279) with voting rights totals to 46,621,932.
• On March 21, 2013, the Board of Invalda AB approved the procedure, under which the shares of minor shareholders will be redeemed after approval of the split – off terms of the Company. The share redemption price will be equal to the weighted average price of transactions with Company's shares on NASDAQ OMX Vilnius stock exchange during the period of six months immediately preceding the General Meeting of Shareholders which has on its agenda the issue of adoption of the decision on the split – off and approval of the split – off terms. The shares will be redeemed within 45 days period after this shareholders meeting.

The redemption price will be set in litas. The calculated weighted average share price will be rounded up to three decimal figures. The exact share redemption price will be set and published on the day of the General Meeting of Shareholders of INVALDA AB, i.e. April 9, 2013, if the Meeting approves the split – off and split – off terms.

Shareholders of INVALDA AB holding the shares the nominal value whereof is less than 10 percent of the authorized capital of the Company, shall have the right to provide share sale orders, except the shareholders whose rights to sell shares to the Company during the split – off are limited according to the split – off terms.

Maximum number of shares to be redeemed is 5,180,214, i.e. 10 percent of the authorized capital of INVALDA AB.

• On April 9, 2013 the Extraordinary General Shareholders Meeting of Invalda AB accepted the decision of the split-off procedure and approved the split-off terms. On April 10, 2013 Invalda AB started implementation of the share redemption procedure on April 10, 2013. The shareholders holding the shares the nominal value whereof is less than 1/10 of the authorized capital of INVALDA AB shall have a right within 45 days (from April 10, 2013 till May 24, 2013) to sell their shares to the Company.

The redemption procedure will be implemented through the market of official offer of NASDAQ OMX Vilnius stock exchange (hereinafter – Stock Exchange). The redemption price is LTL 8.076 (EUR 2.339), i.e. it is equal to the weighted average price of transactions with Company's shares on Stock Exchange during the period of six months immediately preceding the General Meeting of Shareholders which adopted the decision on the split – off.

Share sale orders shall be accumulated during the entire acquisition period. Settlement for the redeemed shares will be made on the next day after the completion of the transaction.

• On April 30, 2013 the Ordinary General Shareholders Meeting of Invalda AB has acknowledged the Auditor's report and Company's consolidated annual report for 2012 as well as the Company's and consolidated financial statements for 2012 were approved during the Meeting. The shareholders decided not to allocate dividends and bonuses, as well as carried forward the retained earning of 24.7 million litas to the next financial year.
• The share redemption procedure of Invalda AB which lasted for 45 days from April 10, 2013 till May 24, 2013 has been completed on May 24, 2013. During this procedure, the shareholders of Invalda AB holding shares the nominal value whereof is less than 1/10 of the authorized capital of Invalda AB had a right within 45 days to require the Company to redeem their shares. In total it was requested to redeem 1,099,343 of shares that constitutes 2.1 percent of the authorized capital of the Company for the amount of 8,878,294 litas (EUR 2,571,332). The redeemed shares were settled on May 27, 2013.

The Sectors

Furniture manufacturing sector

In the furniture manufacturing sector Invalda AB controls Vilniaus Baldai AB. This company produces flat-pack furniture and sells almost all its production to the Swedish concern IKEA. Vilniaus Baldai AB manufactures furniture from particle board. Due to used BOF (board on frame) technology the furniture is lightweight.

In the first quarter of 2013, sales of Vilniaus baldai AB amounted to 35.135 million litas or 40 percent less than in the corresponding quarter of 2012 (58.501 million litas).

The net profit of Vilniaus Baldai AB was 3.184 million litas during the first quarter of 2013, in the same period in 2012 the net profit of the Company was 6.119 million litas. Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) reduced to 43 percent (from 8.476 million litas to 4.817 million litas).

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Consolidated interim report of Invalda AB for 3 months of 2013

Invalda

In the first quarter of 2013 the main goal of the Company was the successful change in a production range, which was planned and published in a previous reports of the Company. Vilniaus Baldai cease production of Expedit product group, which so far has been the major production group. Production of Flaxa children's furniture was launched, as well as other new production. New installations has been erected at the Company: technical and technological implementations were made, in order for mastering the new equipment as well as starting preparations and manufacturing new production in the second quarter of 2013.

The Company in connection with the changes above, prepared itself for the adjustments, therefore activity of the Company remained profitable, though the significant decrease in manufacturing and sales. The Company is preparing for the growth in manufacturing sector, therefore forming an extra work shifts in the April 2013.

Table 12.1.1. Results of the furniture manufacturing sector

Million litas	3 months of 2011	3 months of 2012	3 months of 2013
Sales	56.6	58.5	35.1
EBITDA	9.2	8.5	4.8
Net result	6.9	6.1	3.2
Capitalisation	128.8	175.8	218.7

Real estate sector

In the real estate sector Invalda AB owns commercial rental real estate, agricultural land and development sites, as well as develops residential housing projects.

The loss of the real estate sector during the first quarter of 2013 has incurred to 0.6 million litas (profit of the sector for January-March 2012 - 0.2 million litas). Rental income of 4.4 million litas remained at the similar level as in 2012. The real estate market made 2.5 million litas in the first quarter of the 2013; 80 percent of the real estate housing.

General revenue of the Real estate sector was 9.3 million litas.

Development of the projects in the Lithuanian coastal area: Danes Uzutekis (Danes Bay) – apartments and commercial premises in Klaipeda and Kopu Vetrunges (Dune Weathercocks) – apartments in Nida have been continuing in the first quarter of 2013. The investment in the amount of 2 million litas was made into those projects during the first quarter of 2013. The total investments in the real estate sector was 2.5 million litas.

Table 12.1.2. Results of the real estate sector

Million litas	3 months of 2011	3 months of 2012	3 months of 2013
Value of the real estate:	249.6	255.4	244.3
Commercial real estate	176.6	155.6	147.9
Real estate for development	51.5	60.0	36.8
Residential real estate	5.6	4.5	17.4
Agricultural land	15.9	35.3	42.2
Shareholders' equity (inc. loans from Invalda AB)	104.4	132.5	152.1
Loans from credit institutions	141.1	121.4	99.9
Rental income	4.2	4.5	4.4
From this owned by clients	1.2	1.3	1.3
Change of the real estate value	0	0	0.1
Companies' sales result, allowance and other non-monetary items	1.0	0	0.1
Result of the real estate sector	0.3	0.2	(0.6)

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Consolidated interim report of Invalda AB for 3 months of 2013

Invalda

Facility management sector

Building maintenance sector companies are providing facility management, engineering systems oversight, audit and incidents management, indoor air quality testing, multi-apartment house management, installation, repair, cleaning and other services.

There was no major changes in the facility management sector during the first quarter of 2013. The loss of 184 thousand litas has incurred due to the high fixed costs.

Table 12.1.3. Results of the facility management sector

Million litas	3 months of 2011	3 months of 2012	3 months of 2013
Sales	2.3	3.0	3.2
EBITDA	0.2	0.03	0.0
Net profit	0.1	-0.1	-0.2

Agricultural sector

Since December, 2011, Invalda AB owns 36.9 percent of Litagra UAB shares; Litagra UAB is one of the largest groups of agriculture companies in the Baltic countries.

The companies of Litagra group are engaged in the primary crop and livestock (milk) production, grain processing and agricultural services. Group companies trade in plant protection products, fertilizers, seeds, compound feed, feed supplements, raw materials for feed production, wheat and rye flour, pet food, fish products for domesticate, veterinary products. Moreover, the companies buy grain; provide services of drying, cleaning, loading and storage of grain and other raw material. Litagra group companies provide agricultural services in Lithuania, Latvia and Estonia.

The largest companies in Litagra UAB group are the following: Litagros prekyba UAB (with a branch Litagra Latvija), Litagros grudai UAB, Litagra OÜ in Estonia, Joniskio grudai AB, Taurages grudai AB, Marijampoles grudai AB, Kedainiu grudai AB, Aristava in the Kedainiai district, Berzu agricultural company in the Kedainiai district, agricultural company Bausai, agricultural company of the Kalpoku land, agricultural company of the Sesupes land, Slapaberzes agricultural company, Ranktineliu agricultural company and others.

In the first quarter of 2013, compared with the same period in 2012, an income of Litagra UAB Group grew by 95.9 percent, to 72.3 million litas; earnings before interest, taxes, depreciation and amortization (EBITDA) – was 3.7 million litas (in the corresponding period of 2012 the loss was 1.1 million litas). The profit amounted to 0.8 million litas (in 2012 – loss of 2.6 million litas). As usually, the biggest profit in this sector comes in the second as well as third quarter; the first quarter due to seasonal effects is not representative.

12.1.4. Results of the Litagra UAB group

Million litas	3 months of 2011	3 months of 2012	3 months of 2013
Sales	44.7	36.9	72.3
EBITDA	1.9	1.1	3.7
Net profit, according to the data	-2.6	-2.6	0.8

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Consolidated interim report of Invalda AB for 3 months of 2013

Invalda

baip GRUPÉ

baip RATIÓN IT INFRASTRUCTURA

IT sector

BAIP group is one of the most experienced IT companies in Lithuania specialized in the governmental organizations and business critical IT infrastructure.

BAIP group gained legal IT consulting expertise, and started to provide critical information systems development, architecture and applications services after the acquisition of Norwegian company Norway Registers Development AS (NRD) at the end of 2011.

BAIP, UAB in the first quarter of 2013:

BAIP together with AccessData Group, a vendor that offers digital forensic solutions for network data, launched an initiative with Kaunas University of Technology (KTU) — to make KTU a centre of digital forensics studies.

BAIP organised a capacity building seminar for the National Information Systems' Security managers to learn about cyber-security and primary protection measures.

Lithuanian Communications Regulatory Authority has initiated the Lithuanian Internet infrastructure's criticality and resilience to be evaluated for the first time. A study provides the methodology and model for identification and evaluation of Lithuanian Internet infrastructure's critical elements and their monitoring.

An expansion of specializations and partnerships: BAIP has become a member of the IBM System Storage Specialty program, IBM Security Partner specialization has been acquired as well. An agreement with FireEye, a leader in cyber threat protection, has been initiated in the Baltics and Africa.

NRD, UAB in the first quarter of 2013:

Together with The Care Institutions Provision Center has been signed an agreement "Social care licensing IS technical provision" lasting for one year.

The project "Development of motor transport registration services in the electronic environment", which lasted for two years, has been implemented. Project customer – state enterprise Regitra". Together with joint venture partners national level information system for the motor transport registration services in the electronic environment (eKETRIS) has been developed and installed, system would allow the users electronically order and receive the services related with registration of motor transport vehicles.

The software improvement agreement of SIRENE national unit in Lithuania has been completed.

Activity in abroad:

Norway Registers Development AS (NRD) was granted a 1.3 million litas worth contract to create analogous electronic mortgage registry system in Rwanda.

Norway Registers Development AS (NRD), as a lead partner in joint venture with local partner SAS Software Solutions Ltd., Mauritius, has been granted a year and a half long contract of Supply and Implementation of an eRegistry System in Mauritius. The Project is worth 3.7 million USD.

NRD AS (NRD) and SimbaNET, company provides telecommunications and internet services in East Africa's mission-critical areas, have signed a two-year Cooperation and Services. Agreement worths 3.2 million USD.

Baip GRUPÉ

baip RATIÓN IT INFRASTRUCTURA

IP INFORMATIONS PASAULIS bap GRUPES NARYS

acena bap GRUPES NARYS

NRD Norway Registers Development AS

NRD

Table 12.1.5. Results of IT sector

Million litas	3 months of 2011	3 months of 2012	3 months of 2013
Sales	8.4	7.2	8.7
EBITDA	0.3	0.4	0.9
Net profit before investment amortization^{6} and cost of management options	-0.1	-0.2	0.2
Net profit	-0.6	-0.6	0.0

More information about services and activity is provided on the web page www.baip.lt.

6 Amortization of contract assets formed during UAB BAIP acquisition.

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Consolidated interim report of Invalda AB for 3 months of 2013

Invalda

12.2. Issuer's and its group companies' performance results

Table 12.2.1. Income, 3 months 2011–2013, thousand litas

	Company's			Group's
	3 months of 2011	3 months of 2012	3 months of 2013	3 months of 2011	3 months of 2012	3 months of 2013
Sales income	-	-	-	75,204	82,559	58,286
- furniture manufacturing	-	-	-	56,567	58,501	35,135
- real estate	-	-	-	7,248	12,468	9,311
- facilities management	-	-	-	2,257	3,013	3,245
- information technology	-	-	-	8,438	7,153	8,692
- other companies	-	-	-	1,806	2,272	2,458
- elimination	-	-	-	-1,112	-848	-555
Gain (loss) from investments	-	11,847	-1,029	-188	16,295	-1,029
Other income	8,397	3,203	2,336	1,635	1,597	681
- interest income	1,507	3,202	2,333	405	1,313	593
- dividend income	-	-	-	-	-	-
- other income	6	1	3	1,230	284	88
Valuation gain (loss) from investment property	-	-	-	8	49	124

Table 12.2.2. Main items of financial statements, thousand litas

	Company's			Group's
	3 months of 2011	3 months of 2012	3 months of 2013	3 months of 2011	3 months of 2012	3 months of 2013
Non current assets	206,290	123,224	202,439	431,796	374,379	363,744
Current assets	79,640	291,149	125,108	107,527	293,527	175,575
Assets classified as held for sale	25,004	-	-	72,075	-	-
Equity	84,820	410,279	317,223	208,997	472,253	374,732
Equity attributable to equity holders of the parent Company	84,820	410,279	317,223	181,513	441,441	350,741
Minority interest	-	-	-	27,484	30,812	23,991
Non-current liabilities	126,510	-	-	286,932	140,571	120,095
Current liabilities	99,604	4,094	10,324	115,469	55,082	44,492
Result before taxes	-1,380	13,268	(363)	4,523	23,685	2,023
Net result	-1,045	11,006	(382)	8,463	20,409	1,418
Net result attributable to holders of the parent Company	-	-	-	6,715	18,814	515

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Consolidated interim report of Invalda AB for 3 months of 2013

Invalda

Table 12.2.3. Equity and liabilities

Invalda AB, million litas	3 months of 2011	3 months of 2012	3 months of 2013
Equity	84.8	410.3	317.2
Liabilities to financial institutions	138.9	-	-
From this long term	94.1	-	-
Liabilities to group companies	51.3	0.4	8.0
Bonds	32.4	-	-
Other liabilities	3.5	3.7	2.3
Total liabilities	226.1	4.1	10.3
Total Equity and Liabilities	310.9	414.4	327.5

13. A description of the principal risks and uncertainties

During the first quarter of this year there were no material changes from the information about the principal rinks and uncertainties disclosed in the latest annual report.

14. Information about the extent of risk and its management in the Company

During the reporting period Invalda AB has not made any major acquisitions. More detail about investments are described in the section 8 of the financial statements.

15. Issuer's and its group activity plans and forecasts

On April 9, 2013 the shareholders of Invalda AB approved the split-off terms, according to them a part of Invalda AB will be split – off and on the basis of this part a new public joint – stock company Invalda Privatus Kapitalas AB will be formed. In the split – off, 45.45 percent of the total assets of the Company (a balance sheet value of the Company's assets at the end 2012 totaled to 372.2 million litas) as well as 45.45 percent of the Company's equity capital and liabilities will be allocated to the newly established entity. The shares in Invalda Privatus Kapitalas AB are not going to be listed on NASDAQ OMX Vilnius Stock Exchange.

The new name of the Company after the split – off will be Invalda LT AB.

Invalda AB will continue implementing the long term goal to increase shareholders' equity and value of managed assets. Moreover, Invalda AB will seek to ensure profitable work and organic development of its businesses.

Results of Invalda AB depend on sale or acquisition transactions which are not predictable. Due to this reason, the Board decided not to prepare forecasts of the Company's activity.

16. Information on the related parties' transactions

Information on the related parties' transactions is disclosed in consolidated and Company's financial statements explanatory notes.

President

Darius Sulnis

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Consolidated interim report of Invalida AB for 3 months of 2013

Invalida

APPENDIX 1. INFORMATION ABOUT GROUP COMPANIES, THEIR CONTACT DETAILS

Company	Registration information	Type of activity	Contact details
FURNITURE MANUFACTURING SECTOR
Vilniaus Baldai AB	Code 121922783
Address Savanoriu ave. 178.
Vilnius
Legal form – public limited liability company
Registration date 09.02.1993	furniture design and manufacturing	Telephone +370 2 52 5700
Fax +370 2 31 1130
E-mail info@vilniausbaldai.lt
www.vilniausbaldai.lt
Ari-Lux UAB	Code 120989619
Address Savanoriu ave. 178.
Vilnius
Legal form – private limited liability company
Registration date 28.10.1991	fitting packing	Telephone / Fax +370 2 52 5744
REAL ESTATE SECTOR
Inreal Valdymas UAB	Code 222894170
Address Palangos str. 4. Vilnius
Legal form – private limited liability company
Registration date 22.12.1994	real estate management and administration. development of investment projects	Telephone +370 2 73 0944
Fax +370 2 73 3065
E-mail info@inreal.lt
www.inreal.lt
Inreal UAB	Code 300576166
Address Palangos str. 4. Vilnius
Legal form – private limited liability company
Registration date 14.06.2006	real estate brokerage and valuation services	Telephone +370 273 0000
Fax +370 273 0858
E-mail info@inreal.lt
www.inreal.lt
Invaldos Nekilnojamojo Turto Fondas AB	Code 152105644
Registration address
A. Juozapaviciaus str. 6/2. Vilnius
Residence address - Palangos str. 4. Vilnius
Legal form – public limited liability company
Registration date 28.01.1997	investments into real estate	Telephone +370 2 79 0601
Fax +370 2 73 3065
E-mail intf@intf.lt
INTF Investicija UAB	Code 300643227
Registration address
A. Juozapaviciaus str. 6/2. Vilnius
Residence address - Palangos str. 4. Vilnius
Legal form – private limited liability company
Registration date 02.02.2007	investments into real estate	Telephone +370 2 75 5093
Fax +370 2 73 3065
DOMMO Nerija UAB	Code 300516742
Registration address Smiltynes str. 25. Klaipeda
Legal form – private limited liability company
Registration date 21.12.2005	investments into real estate	Telephone +370 46 314 313
Fax +370 46 314 316
Ineturas UAB	Code 126075527
Address - Palangos str. 4. Vilnius
Legal form – private limited liability company
Registration date 30.10.2002	investments into real estate	Telephone +370 2 73 0944
Fax +370 2 73 3065
Naujoji Svara UAB	Code 125235345
Address - Palangos str. 4. Vilnius
Legal form – private limited liability company
Registration date 12.04.2000	investments into real estate	Telephone +370 2 73 0944
Fax +370 2 73 3065

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Consolidated interim report of Invalida AB for 3 months of 2013

Invalida

Company	Registration information	Type of activity	Contact details
REAL ESTATE SECTOR
Traku Kelias UAB	Code 124928371
Registration address
A. Juozapaviciaus str. 6 / Slucko
str. 2. Vilnius; Residence address -
Palangos str. 4. Vilnius
Legal form – private limited
liability company
Registration date 31.05.1999	investments into real
estate	Telephone +370 2 73 0944
Fax +370 2 73 3065
Rieses Investicija UAB	Code 300606428
Registration address
A. Juozapaviciaus str. 6 / Slucko
str. 2. Vilnius; Residence address -
Palangos str. 4. Vilnius
Legal form – private limited
liability company
Registration date 11.10.2006	investments into real
estate	Telephone +370 2 73 4892
Fax +370 2 73 3065
IBC Logistika UAB	Code 300016395
Address - Palangos str. 4. Vilnius
Legal form – private limited
liability company
Registration date 07.04.2004	investments into real
estate	Telephone +370 2 79 0449
Fax +370 2 73 3065
Dizaino institutas UAB	Code 122288385
Registration address
A. Juozapaviciaus str. 11. Vilnius
Residence address - Palangos str.
4. Vilnius; Legal form – private
limited liability company
Registration date 29.12.1993	investments into real
estate	Telephone +370 2 72 1734
Fax +370 2 72 1893
Designing firm
Saistas UAB	Code 133689632
Address A Palangos str. 4. Vilnius
Legal form – private limited
liability company
Registration date 26.05.1993	investments into real
estate	Telephone +370 2 73 4892
Fax +370 2 73 3065
Rovelija UAB	Code 302575846
Address Palangos str. 4. Vilnius
Legal form – private limited
liability company
Registration date 20.12.2010	investments into real
estate	Telephone +370 2 63 6129
Fax +370 2 79 0530
Sago UAB	Code 301206878
Registration address Seimyniskiu
str. 3. Vilnius; Residence address -
Palangos str. 4. Vilnius
Legal form – private limited
liability company
Registration date 31.10.2007	investments into real
estate	Telephone +370 2 73 0849
Fax +370 2 73 3065
BNN UAB	Code 126153374
Address Palangos str. 4. Vilnius
Legal form – private limited
liability company
Registration date 17.02.2003	investments into real
estate	Telephone +370 2 75 3925
Fax +370 2 73 3065
Perspektyvi Veikla UAB	Code 302607087
Address Kalvariju str. 11-20.
Vilnius
Legal form – private limited
liability company
Registration date 25.03.2011	investments into real
estate	Telephone +370 2 79 0614
E-mail
zita.vaitkeviciene@inreal.lt
Minijos Valda UAB	Code 302663164
Address Palangos str. 4. Vilnius
Legal form – private limited
liability company
Registration date 05.09.2011	investments into real
estate	Telephone +370 68650177
E-mail
gediminas.rimkevicius@inr
eal.lt

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Consolidated interim report of Invalda AB for 3 months of 2013

Invalda

Company	Registration information	Type of activity	Contact details
REAL ESTATE SECTOR
Kopu Vètrunges UAB	Code 302848241
Address Palangos str. 4. Vilnius
Legal form – private limited liability company
Registration date 14. 09.2012	investments into real estate	Telephone +370 2 48 2088
E-mail agniu.tamosaitis@inreal.lt
Danes Gildija UAB	Code 302775074
Address Palangos str. 4. Vilnius
Legal form – private limited liability company
Registration date 02. 05.2012	investments into real estate	Telephone +370 68650177
E-mail gediminas.rimkevicius@inreal.lt
Justiniskiu Valda UAB	Code 302705909
Address Justiniskiu str. 62A. Vilnius;
Legal form – private limited liability company
Registration date 02.01.2012	investments into real estate	Telephone +370 2 48 2088
E-mail vytautas.baksinskas@inreal.lt
Justiniskiu Aikstele UAB	Code 302705898
Address Justiniskiu str. 62A. Vilnius
Legal form – private limited liability company
Registration date 02.01.2012	investments into real estate	Telephone +370 2 48 2088
E-mail agniu.tamosaitis@inreal.lt
Elniakampio Namai UAB	Code 300667160
Address Palangos str. 4. Vilnius
Legal form – private limited liability company
Registration date 04.04.2007	investments into real estate	Telephone +370 2 73 0000
Fax +370 2 73 3065
E-mail info@elniakampionamai.lt
www.elniakampionamai.lt
Inreal GEO UAB	Code 302604810
Registration address Palangos str. 4. Vilnius;
Legal form – perivate limited liability company
Registration date 21.03.2011	land plot’s geodetic measurement	Telephone +370 37 430 300
Fax +370 37 321 132
E-mail kaunas@inreal.lt
www.inreal.lt
Ekotra UAB	Code 300040019
Seimyniskiu str. 1A. Vilnius;
Legal form – private limited liability company;
Registration date 21.07.2004	investments into agricultural land	Telephone +370 62071080
E-mail info@ekotra.lt
Simtamargis UAB	Code 300593984
Registration address A.Juozapaviciaus str. 6 /Slucko str. 2. Vilnius;
Legal form – private limited liability company
Registration date 29.08.2006	investments into agricultural land	Telephone +370 37 430 300
Fax +370 37 321 132
Zemvesta UAB	Code 300955547
Address Palangos str.4. Vilnius.
Legal form – private limited liability company
Registration date 26.07.2007	investments into agricultural land	Telephone +370 2 75 3925
Fax +370 2 73 3065
E-mail edgaras.statkus@inreal.lt
Agrobite UAB	Code 302546727
Address Palangos str. 4. Vilnius
Legal form – private limited liability company
Registration date 20.09.2010	investments into agricultural land	Telephone +370 2 75 3925
Fax +370 2 73 3065
E-mail edgaras.statkus@inreal.lt
Puskaitis UAB	Code 300634388
Address Seimyniskiu str. 1A. Vilnius.
Legal form – private limited liability company
Registration date 17.01.2007	investments into agricultural land	Telephone +370 62071080
E-mail info@ekotra.lt

21

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Consolidated interim report of Invalda AB for 3 months of 2013

Invalda

Company	Registration information	Type of activity	Contact details
REAL ESTATE SECTOR
Zemynele UAB	Code 302532930
Address Seimyniskiu str. 1A.
Vilnius
Legal form – private limited
liability company
Registration date 29.07. 2010	investments into
agricultural land	Telephone +370 62071080
E-mail info@ekotra.lt
Zemepatis UAB	Code 302681753
Address Palangos str. 4. Vilnius
Legal form – private limited
liability company
Registration date 28.10.2011	investments into
agricultural land	Telephone +370 2 75 3925
Fax +370 2 73 3065
E-mail
edgaras.statkus@inreal.lt
IZB 1 UAB	Code 300624579
Address Palangos str. 4. Vilnius
Legal form – private limited
liability company
Registration date 13.12.2006	investments into
agricultural land	Telephone +370 2 36 1654
Fax +370 2 36 1637
E-mail
edgaras.statkus@inreal.lt
Laukseja UAB	Code 302777901
Address Palangos str. 4. Vilnius
Legal form – private limited
liability company
Registration date 09.05.2012	investments into
agricultural land	Telephone +370 2 36 1654
Fax +370 2 36 1637
E-mail
edgaras.statkus@inreal.lt
Lauknesys UAB	Code 303004576
Address Seimyniskiu str. 1A.
Vilnius
Legal form – private limited
liability company
Registration date 20.02.2013	investments into
agricultural land	Telephone +370 62071080
E-mail info@ekotra.lt
Kvietukas UAB	Code 303004512
Address Seimyniskiu str. 1A.
Vilnius
Legal form – private limited
liability company
Registration date 20.02.2013	investments into
agricultural land	Telephone +370 62071080
E-mail info@ekotra.lt
Vasarojus UAB	Code 303004626
Address Seimyniskiu str. 1A.
Vilnius
Legal form – private limited
liability company
Registration date 20.02.2013	investments into
agricultural land	Telephone +370 62071080
E-mail info@ekotra.lt
Ziemkentys UAB	Code 303004665
Address Seimyniskiu str. 1A.
Vilnius
Legal form – private limited
liability company
Registration date 20.02.2013	investments into
agricultural land	Telephone +370 62071080
E-mail info@ekotra.lt
Zemgale UAB	Code 303004505
Address Seimyniskiu str. 1A.
Vilnius
Legal form – private limited
liability company
Registration date 20.02.2013	investments into
agricultural land	Telephone +370 62071080
E-mail info@ekotra.lt
Laukaitis UAB	Code 303004583
Address Seimyniskiu str. 1A.
Vilnius
Legal form – private limited
liability company
Registration date 20.02.2013	investments into
agricultural land	Telephone +370 62071080
E-mail info@ekotra.lt
Kvietnesys UAB	Code 303004633
Address Palangos str. 4. Vilnius
Legal form – private limited
liability company
Registration date 20.02.2013	investments into
agricultural land	Telephone +370 2 36 1654
Fax +370 2 36 1637
E-mail
edgaras.statkus@inreal.lt

22

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Consolidated interim report of Invalda AB for 3 months of 2013

Invalda

Company	Registration information	Type of activity	Contact details
REAL ESTATE SECTOR
Ziemgula UAB	Code 303004640
Address Palangos str. 4. Vilnius
Legal form – private limited liability company
Registration date 20.02.2013	investments into agricultural land	Telephone +370 2 36 1654
Fax +370 2 36 1637
E-mail edgaras.statkus@inreal.lt
Zemeja UAB	Code 303004715
Address Palangos str. 4. Vilnius
Legal form – private limited liability company
Registration date 20.02.2013	investments into agricultural land	Telephone +370 2 36 1654
Fax +370 2 36 1637
E-mail edgaras.statkus@inreal.lt
Aikstentis UAB	Code 126412617
Registration address Seimyniskiu str. 1A. Vilnius; Residence address Palangos str. 4. Vilnius; Legal form – private limited liability company
Registration date 23.12.2003	carries no activity	Telephone +370 2 79 0614
Fax +370 2 73 3065
FACILITY MANAGEMENT SECTOR
Inreal Pastatu
Prieziura UAB	Code 126180446
Residence address Palangos str. 4. Vilnius
Legal form – private limited liability company
Registration date 25.03.2003	facilities management	Telephone +370 2 73 6607
E-mail prieziura@inreal.lt
www.inreal.lt
IPP Integracijos
Projektai UAB	Code 302890482
Residence address Palangos str. 4. Vilnius
Legal form – private limited liability company
Registration date 12.10.2012	facilities management	Telephone +370 2 73 6607
E-mail prieziura@inreal.lt
Priemiestis UAB	Code 221487620
Address Skydo str. 30. Vilnius
Legal form – private limited liability company
Registration date 09.07.1992	facilities management	Telephone +370 2 67 0204
Fax +370 2 67 2941
E-mail info@priemiestis.lt
www.priemiestis.lt
Jurita UAB	Code 220152850
Address Justiniskiu str. 62. Vilnius
Legal form – private limited liability company
Registration date 28.12.1990	facilities management	Telephone +370 2 48 2088
E-mail info@jurita.lt
www.jurita.lt
CManagement UAB	Code 186139653
Registration address A. Juozapaviciaus str. 6 / Slucko str. 2. Vilnius; Residence address – Seimyniskiu str. 3. Vilnius
Legal form – private limited liability company
Registration date 17.02.1994	repair activity	Telephone +370 2 13 9074
Fax +370 2 13 9073
Naujosios Vilnius
Turgaviete UAB	Code 302650163
Address Skydo str. 30. Vilnius
Legal form – private limited liability company
Registration date 26.07.2011	markets activities	Telephone +370 2 67 0204
E-mail info@priemiestis.lt
AGRICULTURE SECTOR
Litagra UAB	Code 123496364
Address Savanoriu pr. 173. Vilnius; Legal form – private limited liability company
Registration date 30.01.1996	consulting and business management activity	Telephone +370 2 36 1600
Fax +370 2 36 1601
E-mail office@litagra.lt
www.litagra.lt

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Consolidated interim report of Invalda AB for 3 months of 2013

Invalda

Company	Registration information	Type of activity	Contact details
AGRICULTURE SECTOR
Litagros Prekybos Centras UAB	Code 300994653
Address Savanoriu pr. 173.
Vilnius; Legal form – private
limited liability company
Registration date 09.08. 2007	agricultural services	Telephone +370 2 36 1600
Fax +370 2 36 1601
E-mail office@litagra.lt
www.litagra.lt
Litagros Grudu Centras UAB	Code 300636236
Address Savanoriu pr. 173.
Vilnius; Legal form – private
limited liability company
Registration date 25.01.2007	elevators service; grain
processing	Telephone +370 2 36 1600
Fax +370 2 36 1601
E-mail office@litagra.lt
www.litagra.lt
Litagros Zemes Ukio Centras UAB	Code 300655343
Address Stoties str. 6.
Marijampole; Legal form –
private limited liability company
Registration date 02.03. 2007	primary agricultural
production manufacture
- grain and dairy farming	Telephone +370 2 36 1600
Fax +370 2 36 1601
E-mail office@litagra.lt
www.litagra.lt
Litagros Gyvulininkystes Centras UAB	Code 300994646
Address Savanoriu pr. 173.
Vilnius; Legal form – private
limited liability company
Registration date 09.08.2007	carries no activity	Telephone +370 2 36 1600
Fax +370 2 36 1601
E-mail office@litagra.lt
www.litagra.lt
Litagros Grudai UAB	Code 300004521
Address Savanoriu pr. 173.
Vilnius
Legal form – private limited
liability company
Registration date 20.02.2004	buing up grain and rape
from producers; sells it to
processing plants in the
local market and in
foreign countries	Telephone +370 2 36 1600
Fax +370 2 36 1601
E-mail grain@litagra.lt
www.litagra.lt
Litagros Prekyba UAB	Code 122012020
Address Savanoriu pr. 173.
Vilnius
Legal form – private limited
liability company
Registration date 20.01.1993	wholesale and retail
trade in plant protection
products. fertilizers.
seeds. full part feeds	Telephone +370 2 36 1600
Fax +370 2 36 1601
E-mail office@litagra.lt
www.litagra.lt
Litagros retail UAB	Code 224823510
Address Savanoriu pr. 173.
Vilnius
Legal form – private limited
liability company
Registration date 01.03.1999	marketing of veterinary
products and feeds	Telephone +370 2 36 1600
Fax +370 2 36 1601
E-mail office@litagra.lt
www.litagra.lt
Litagra SIA (Latvia)	Code 40003656745
Address Jelgavas rajons. Cenu
pagasts. Langervaldes iela 2. LV
3042. Latvia
Legal form – private limited
liability company
Registration date 10.12.2003	agricultural services	Telephone +371 63045285
Fax +371 63048283
E-mail office@litagra.lv
www.litagra.lv
Litagra OÜ (Estonia)	Code 11280089
Address Maakri 44-20
10145 Tallinn. Estonia
Legal form – private limited
liability company
Registration date 15.08.2006	wholesale and retail
trade in plant protection
products. Fertilizers.
seeds. Full part feeds	Telephone + 372 530 65910
E-mail office@litagra.ee
www.litagra.ee
Litagra AB (Sweden)	Code 556747-2815
Address Ljugar Advokatbyra Box
12174. 102 25 Stockholm. Sweden
Legal form – private limited
liability company
Registration date 20.12.2007	carries no activity	Telephone +370 2 36 1600
E-mail office@litagra.lt
www.litagra.lt

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Consolidated interim report of Invalda AB for 3 months of 2013

Invalda

Company	Registration information	Type of activity	Contact details
AGRICULTURE SECTOR
Joniskio Grudai AB	Code 157602461
Address Zemaites str. 1. Joniskis
Legal form – public limited liability company
Registration date 12.04.1994	providing of elevator services: storage. sorting and drying of cereals an rapeseeds; mill production: wheat flour. semolina. germ blakes	Telephone +370 426 69 053
Fax +370 426 69 054
E-mail administracija.jg@litagra.lt
Taurages Grudai AB	Code 179400793
Address Pramones str. 20. Taurage
Legal form – public limited liability company
Registration date 27.07.1994	main activity is providing of elevator services: storage. sorting and drying of cereals and rapeseeds	Telephone +370 446 62 780
Fax +370 446 62 785
E-mail administracija.tg@litagra.lt
Marijampoles Grudai AB	Code 151004592
Address Stoties str. 6. Marijampole
Legal form – public limited liability company
Registration date 22.11.1990	main activity is providing of elevator services: storage. sorting and drying of cereals and rapeseeds	Telephone +370 343 98 828
Fax +370 343 98 822
E-mail administracija.mg@litagra.lt
Kedainiu Grudai AB	Code 161354477
Address Pramones str. 8. Kedainiai
Legal form – public limited liability company
Registration date 19.07.1994	providing of elevator services: storage. sorting and drying of cereals an rapeseeds; production and sales of rye flour. pet foods	Telephone +370 347 67 600
Fax +370 347 67 666
E-mail administracija.kg@litagra.lt
www.kedainiugrudai.lt
Aristavos ZUB
Kedainiu district	Code 161298135
Address Aristavos village. Vilainiu eldership. Kedainiu district; Legal form – agricultural company
Registration date 22.03.1993	crop production (cereals. rapeseed. sugar beet) and milk production	Telephone +370 347 46 692
Fax +370 347 46 666
E-mail aristava@litagra.lt
www.litagra.lt
Kalpoku ZUB	Code 167936331
Address Kalpoku village. Linkuvos eldership. Pakruojo district; Legal form – agricultural company
Registration date 25.05.1995	crop production (cereals. rapeseed. sugar beet). meat and milk production	Telephone +370 421 64 504
Fax +370 421 64 504
E-mail kalpokai@litagra.lt
www.litagra.lt
Sesupes ZUB	Code 165670049
Address Netickampio village. Liudvinavo eldership. Marijampoles district
Legal form – agricultural company
Registration date 21.07.1992	crop production (cereals. rapeseed. sugar beet). meat and milk production	Telephone +370 343 32 738
Fax +30 93 030
E-mail sesupe@litagra.lt
www.litagra.lt
Bausai ZUB Salcininku district	Code 174931263
Address Salcininku village. Salcininku district
Legal form – agricultural company
Registration date 16.07.1992	crop production (cereals). milk production	Telephone +370 380 51 196
Fax +370 380 51 196
E-mail bausai@litagra.lt
www.litagra.lt
Slapaberzes ZUB
Kedainiu district	Code 161290398
Address Slapaberzes village. Kedainiu district
Legal form – agricultural company
Registration date 14.01.1993	crop production (cereals. rapeseed. sugar beet)	Telephone +370 347 32 010
Fax +370 347 32 010
E-mail slapaberze@litagra.lt
www.litagra.lt

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Consolidated interim report of Invalda AB for 3 months of 2013

Invalda

Company	Registration information	Type of activity	Contact details
AGRICULTURE SECTOR
Ranktineliai ZUB	Code 171331669
Address Pociuneliai. Radviliskio district
Legal form – agricultural company
Registration date 20.04.1993	crop production (cereals. rapeseed. sugar beet)	Telephone +370 422 63 125
E-mail aristava@litagra.lt
www.litagra.lt
Berzu ZUB Kedainiu district	Code 161266098
Address Berzu village. Kedainiu district
Legal form – agricultural company
Registration date 16.10.1992	crop production (cereals)	Telephone +370 347 47 571
Fax +370 347 47 571
www.litagra.lt
INFORMATION TECHNOLOGY SECTOR
BAIP Grupe UAB	Code 300893533
Address Juozapaviciaus str. 6 / Slucko str. 2. Vilnius
Legal form – private limited liability company
Registration date 27.06.2007	investments into information technology companies	Telephone +370 2 19 0000
Fax +370 219 5900
E-mail info@baipgrupe.lt
www.baipgrupe.lt
Informatikos Pasaulis UAB	Code 126396718
Address Juozapaviciaus str. 6 / Slucko str. 2. Vilnius
Legal form – private limited liability company
Registration date 11.12.2003	information technology infrastructure solutions	Telephone +370 2 77 9700
Fax +370 2 77 9725
E-mail info@infopasaulis.lt
www.infopasaulis.lt
Vitma UAB	Code 121998756
Address Juozapaviciaus str. 6 / Slucko str. 2. Vilnius
Legal form – private limited liability company
Registration date 25.06.1993	investments into information technology companies	Telephone +370 2 19 0000
Fax +370 2 19 5900
Acena UAB	Code 300935644
Address Juozapaviciaus str. 6 / Slucko str. 2. Vilnius; Legal form – private limited liability company
Registration date 20.07.2007	information technology infrastructure development and support	Telephone +370 2 75 9647
Fax +370 2 73 5106
E-mail info@acena.lt
www.acena.lt
BAIP UAB	Code 301318539
Address Juozapaviciaus str. 6 / Slucko str. 2. Vilnius
Legal form – private limited liability company
Registration date 03.12.2007	information technology infrastructure solutions. information technology security consultations. information technology infrastructure support services	Telephone +370 2 19 0000
Fax +370 2 19 5900
E-mail info@baip.lt
www.baip.lt
Norway Registers Development AS	Code 985 221 405
Address Billingstadsletta 35 1375 BILLINGSTAD 0220 ASKER Norvegija
Legal form – public limited liability company
Registration date 23.12.2002	creation of new register reforms in various countries. providing consultancy on the information system design	Telephone +47 66 98 30 28
E-mail nrd@nrd.no
NRD UAB	Code 111647812
Address Zygimantu str. 11-5. Vilnius
Legal form – private limited liability company
Registration date 15.10.1998	creation of new register reforms in various countries. providing consultancy on the information system design	Telephone +370 2 31 0731
Fax +370 2 31 0730
E-mail info@nrd.lt
www.nrd.lt

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Consolidated interim report of Invalda AB for 3 months of 2013

Invalda

Company	Registration information	Type of activity	Contact details
OTHER COMPANIES
Kelio Zenklai UAB	Code 185274242
Address Gelezinkelio str. 28.
Pilviskiai. Vilkaviskio r.
Legal form – private limited liability company
Registration date 06.09.1994	metal and wood processing and wholesale trade	Telephone +370 342 67 756
Fax +370 342 67 644
E-mail info@keliozenklai.lt
www.keliozenklai.lt
Lauko Gelininkystes Bandymu Stotis UAB	Code 221496060
Address A.Kojelaviciaus str. 1.
Vilnius;
Legal form – private limited liability company
Registration date 23.07.1992	growning and trade of ornamental plants. flowers	Telephone +370 2 67 1718
Fax +370 2 67 7949
E-mail inga@augalucentras.lt
www.augalucentras.lt
Iniciatyvos Fondas Vsl	Code 300657209
Registration address Seimyniskiu str. 3.
Vilnius
Residence address Seimyniskiu str. 1A.
Vilnius
Legal form – public institution
Registration date 08.03.2007	organising of social initiative programmes	Telephone +370 2 63 6129
Fax +370 2 79 0530
E-mail info@iniciatyvosfondas.lt
www.iniciatyvosfondas.lt
Inreal Pastatu Prieziuros Grupe UAB	Code 301673796
Residence address Seimyniskiu str. 1A.
Vilnius; Legal form – private limited liability company
Registration date 07.04.2008	investing in building maintenance companies	Telephone +370 2 63 6129
Fax +370 2 79 0530
Aktyvo UAB	Code 301206846
Registration address Seimyniskiu str. 3.
Vilnius; Residence address Seimyniskiu str. 1A.
Vilnius
Legal form – private limited liability company
Registration date 31.10.2007	bad debt activity	Telephone +370 2 63 6129
Fax +370 2 79 0530
ENTE UAB	Code 301206860
Registration address Seimyniskiu str. 3.
Vilnius; Residence address Seimyniskiu str. 1A.
Vilnius
Legal form – private limited liability company
Registration date 31.10.2007	investment activities	Telephone +370 2 63 6129
Fax +370 2 79 0530
Finansu Rizikos Valdymas UAB	Code 300045450
Residence address Seimyniskiu str. 1A.
Vilnius; Legal form – private limited liability company
Registration date 04.08.2004	investment activities	Telephone +370 2 63 6129
Fax +370 2 79 0530
Invetex AB	Code 133190113
Address Seimyniskiu str. 1A.
Vilnius
Legal form – public limited liability company
Registration date 31.01.1992	investment activities	Telephone +370 2 63 6129
Fax +370 2 79 0530
Investiciju Tinklas UAB	Code 301206885
Registration address Seimyniskiu str. 3.
Vilnius; Residence address Seimyniskiu str. 1A.
Vilnius
Legal form – private limited liability company
Registration date 31.10.2007	investment activities	Telephone +370 2 63 6129
Fax +370 2 79 0530

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Consolidated interim report of Invalda AB for 3 months of 2013

Invalda

Company	Registration information	Type of activity	Contact details
OTHER COMPANIES
FORTINA UAB	Code 301673789
Residence address Seimyniskiu str. 1A. Vilnius
Legal form – private limited liability company
Registration date 07.04.2008	investment activities	Telephone +370 2 63 6129
Fax +370 2 79 0530
Cedus Invest UAB	Code 302576631
Address Seimyniskiu str. 1A. Vilnius
Legal form – private limited liability company
Registration date 20.12.2010	investment activities	Telephone +370 2 63 6129
Fax +370 2 79 0530
Aktyvus Valdymas UAB	Code 301673764
Registration address Seimyniskiu str. 3. Vilnius; Residence address
Address Seimyniskiu str. 1A. Vilnius
Legal form – private limited liability company
Registration date 07.04.2008	investment in real estate companies	Telephone +370 2 63 6129
Fax +370 2 79 0530
Deltuvis UAB	Code 303010376
Address Palangos str. 4. Vilnius
Legal form – private limited liability company
Registration date 28.02.2013	investment in real estate companies	Telephone +37068756082
Fax +370 2 79 0530
Justum UAB	Code 303010376
Address Palangos str. 4. Vilnius
Legal form – private limited liability company
Registration date 21.03.2013	investment in real estate companies	Telephone +37061447949
Fax +370 2 79 0530
ZVF Projektai UAB	Code 300137062
Address Smolensko str. 10. Vilnius
Legal form – private limited liability company
Registration date 16.08.2005	investments into agricultural land	Telephone +370 2 33 5369
Fax +370 2 13 8594
E-mail info@zvf.lt
MBGK UAB	Code 300083611
Address Seimyniskiu str. 1A. Vilnius
Legal form – private limited liability company
Registration date 27.01.2005	carries no activity	Telephone +370 2 63 6129
Fax +370 2 79 0530
MGK Invest UAB	Code 302531757
Address Seimyniskiu str. 1A. Vilnius
Legal form – private limited liability company
Registration date 27.07.2010	carries no activity	Telephone +370 2 63 6129
Fax +370 2 79 0530
RPNG UAB	Code 302575892
Address Seimyniskiu str. 1A. Vilnius
Legal form – private limited liability company
Registration date 20.12.2010	carries no activity	Telephone +370263 6129
Fax +370279 0530

28

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Consolidated interim report of Invalida AB for 3 months of 2013

Invalida

Company	Registration information	Type of activity	Contact details
OTHER COMPANIES
Consult Invalida UAB	Code 302575814
Address Seimyniskiu str. 1A.
Vilnius
Legal form – private limited liability company
Registration date 20.12.2010	carries no activity	Telephone +370 2 63 6129
Fax +370 2 79 0530
Regenus UAB	Code 302575821
Address Seimyniskiu str. 1A.
Vilnius
Legal form – private limited liability company
Registration date 20.12.2010	carries no activity	Telephone +370 2 63 6129
Fax +370 2 79 0530
Via Solutions UAB	Code 302617188
Address Palangos str. 4. Vilnius
Legal form – private limited liability company
Registration date 19.04.2011	carries no activity	Telephone +370 2 63 6129
Fax +370 2 79 0530
Cedus UAB	Code 302656796
Address Seimyniskiu str. 1A.
Vilnius
Legal form – private limited liability company
Registration date 18.08.2011	carries no activity	Telephone +370 2 63 6129
Fax +370 2 79 0530