Invalda INVL — M&A Activity 2011

Apr 1, 2011

Agreement regarding merger of activities of Trakcja Polska and Tiltra Group expired

Agreement regarding merger of activities of Trakcja Polska and Tiltra Group expired

Vilnius, Lithuania, 2011-04-01 06:51 CEST (GLOBE NEWSWIRE) -- On 18 November
2010 Invalda AB, the Tiltra Group AB and AB Kauno Tiltai (further - Tiltra
Group) and their shareholders, and Polish company Trakcja Polska S. A. and
Comsa Emte group (Spain) entered into Agreement regarding merger of activities
of Trakcja Polska and Tiltra Group. As announced earlier, the Agreement shall
expire in the event no transaction completion has occurred on or prior to 31
March 2011.
As the transaction was not closed by this date, the above-mentioned Agreement
has expired.

     Darius Sulnis
     President
     Tel. +370 52734876