Invalda INVL — Share Issue/Capital Change 2010

Jan 30, 2010

Regarding conversion of 50 mln. LTL Invalda AB bonds

Regarding conversion of 50 mln. LTL Invalda AB bonds

On January 30, 2010, Invalda AB received an application of Dailius Juozapas
Miseikis, the owner of 50 mln. LTL (14.48 mln. EUR) nominal value bonds, to
convert 500 000 owned bonds (the nominal value of one bond is 100 LTL, ISIN
code LT0000401820) to 9 090 909 (nine million ninety thousand nine hundred and
nine) ordinary registered Invalda AB shares (the nominal value of one share is
1 LTL).

Following the decisions of Invalda AB General Shareholder Meetings held on 14
November, 2008, and 30 January, 2010, stating that the day of the
above-mentioned request placement is considered to be the end of bonds issue
term, Invalda AB obliges to convert to shares all bonds owned by the investor
no later than 10 business days from the day when written application was
received.

Main facts about the shares that 500 000 bonds are converted to:
- the number of shares bonds are converted to - 9 090 909 shares;
- class - ordinary registered shares;
- nominal value - 1 (one) LTL;
- granted rights - all property and non-proper rights stated in the Articles of
Association of Invalda AB. Shares issued converting bonds will be merged with
the effectual share issue and could be traded on the NASDAQ OMX Vilnius stock
exchange from the moment of issues merge.

The share capital of Invalda AB is increased by 9 090 909 LTL, from 42 568 849
LTL till 51 659 758 LTL issuing 9 090 909 ordinary registered 1 LTL nominal
value shares.
The amended draft Articles of Association (clauses 12 and 15 are changed)
attached.

Kristina Gudauskaite
Assistant to president
Tel. + 370 5 2752776

Attachments: