INVL Baltic Farmland

Fund Information / Factsheet • Mar 19, 2018

Key information for 2017

INVL Baltic Farmland, AB was established on 29 April 2014 on the basis of a part of assets split-off from Invalda INVL, one of the leading asset management groups in the Baltic region.

INVL Baltic Farmland manages shares of companies investing into agricultural land. INVL Baltic Farmland has 100% in 18 companies owning more than 3 thousand hectares of agricultural land in Lithuania.

On 30 June 2015 the company has signed an agreement with INVL Farmland Management regarding administration of assets.

Shares of INVL Baltic Farmland are listed on Nasdaq Vilnius stock exchange Secondary list since 4 June 2014.

The land plots which the company owns are in the most productive regions of Lithuania. They're indicated in blue.

Main characteristics of INVL Baltic Farmland shares admitted to trading
Shares issued, units	3,291,549
Total voting rights granted by the issued shares, units	3,228,510
Nominal value for one share, EUR	0.29
Total nominal value, EUR	954,549.21
ISIN code	LT0000128753

Key figures 31-12-2015 31-12-2016 31-12-2017 Book value of land, EUR thousand 11,237 12,335 12,964 Cash, EUR thousand 367 209 199 Other assets, EUR thousand 61 88 196 Consolidated equity, EUR thousand 10,570 11,343 12,002 Deferred income tax liabilities, EUR thousand 946 1,121 1,235 Other liabilities, EUR thousand 149 168 122 Controlled cultivated cropland area, thousand ha 3 3 3 Average rental income per hectare, EUR 149 172 179 Book value of one share (BV), EUR* 3.21 3.51 3,72 Dividend yield, %* 2.1 2.0 1,8 Profit (loss), EUR thousand 2015 2016 2017 Revenue 460 531 575 Revaluation of investment property 678 1,098 629 Profit before tax 979 1,398 1,044 Net profit 838 1,193 885

*Indicator formulas of INVL Baltic Farmland

(https://invlbalticfarmland.com/lit/en/investor-relations/reports/indicator-formulas)

Share price Premium/ discount vs BV*, %
31 March 2016	(10.5)
30 June 2016	(7.5)
30 September 2016	8.7
31 December 2016	(4.8)
31 March 2017	21.5
30 June 2017	11.2
30 September 2017	7.95
31 December 2017	4.57

Votes granted, %

Management of INVL Baltic Farmland
The Board (term of office 2014-2018)
Alvydas Banys (Chairman)
Indrė Mišeikytė
Darius Šulnis
CEO

Eglė Surplienė

For more information please visit: https://invlbalticfarmland.com/