Invalda INVL — M&A Activity 2013

Jun 5, 2013

On the mandatory tender offer to buy up shares in Vilniaus Baldai, AB

On the mandatory tender offer to buy up shares in Vilniaus Baldai, AB

Vilnius, Lithuania, 2013-06-05 15:33 CEST (GLOBE NEWSWIRE) -- Whereby we inform
about announcement of the tender offer of Vilniaus Baldai, AB on June 5, 2013.
Invalda LT, AB holds control in 39.35 percent shares in Vilniaus Baldai, AB:

„On June 5, 2013 Vilniaus baldai, AB received a notification from Invalda LT,
AB about intention to announce a mandatory tender offer to buy up the remaining
voting ordinary registered shares in Vilniaus baldai, AB, company code
121922783, registered address Savanorių str. 178 A, LTL 4 par value each. The
day of crossing of threshold of 1/3 votes is May 31, 2013. The payment for the
purchased shares shall be effected in cash.

Whereas Invalda LT, AB holds 39.35 percent of votes in the general shareholders
meeting of Vilniaus baldai, AB and Board members of Invalda LT, AB - Alvydas
Banys, Darius Šulnis and Indre Mišeikyte - have acquired 61.96 percent of votes
in the general shareholders meeting of Vilniaus baldai, AB, and shareholders of
Invalda LT, AB holding control of 90.15 percent of shares in the general
shareholders meeting of Invalda LT, AB, an agreement about the long - term
policy of the Company has been signed, in accordance with part 2 of Article 31
of the Law on Securities of the Republic of Lithuania, persons holding control
of Invalda LT, AB have an obligation to announce a mandatory tender offer to
acquire remaining shares in Vilniaus Baldai, AB.

On the basis of the agreement the following legal and natural persons are
acting in concert with the above mentioned Board members in the mandatory
tender offer procedure: Invalda LT, AB, Invalda Privatus Kapitalas, AB,
Vytautas Bučas, Greta Mišeikytė Myers, Irena Ona Mišeikienė:

              Shareholders                     Owned shares   Voting rights 
                                                 (units)        (percent)

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Irena Ona Mišeikienė 28135 0,72

Indrė Mišeikytė 14068 0,36

Greta Mišeikytė Myers 14067 0,36

Vytautas Bučas 0 0

Alvydas Banys 200 0,01

Darius Šulnis 10866 0,28

Invalda LT, AB code 121304349, address 1529312 39,35
Šeimyniškių g. 1A, Vilnius

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Invalda privatus kapitalas, AB code 303075527, 1274083 32,78
address Šeimyniškių g. 1A, Vilnius

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Total 2870731 73,87

The providers of a tender offer informed the Company about the price for buy up
of shares- the price totals to 14.869 EUR per share. The period of the
implementation of a tender offer - 14 days“ .

We inform about the implementation of the agreement set above on acquisition of
494,473 units of shares in Vilniaus Baldai, AB of the public joint-stock
company Invalda LT, AB, consisting the total amount of 7,352,319.04 EUR for
12.72 percent of shares in Vilniaus Baldai, AB.

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