INVL Baltic Farmland

Quarterly Report • Apr 28, 2015

Key information about INVL Baltic Farmland, AB for 3 months of 2015

About INVL Baltic Farmland, AB

The public joint-stock company INVL Baltic Farmland was established on 29 April 2014 on the basis of a part of assets split-off from Invalda LT, AB.

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.

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

Group structure of INVL Baltic Farmland, AB

Agricultural land portfolio of INVL Baltic Farmland, AB.

Plots belonging to the company are in the most fertile areas of Lithuania. They are highlighted in blue.

The balance sheet summary report of INVL Baltic Farmland as of 31 March 2015

Ba lan he E U R t ho d t, ce s e us an
Inv est nt ert me p rop y	0, 8 1 5 5
de b les Tra iva re ce	3 2 6
Ca h s	3 8 2
Ot he ts r a sse	4
fer De d inc l ia b i l it ies e t re om ax	8 4 3
De fer d inc re om e	2 7 3
de ds b les D iv i n p ay a	9 1 7
he l b l Ot t ia i it ies r c urr en	1 0 9
Co l i da d e ity te nso q u	9, 8 4 8

f ig f lt ic lan d a f h Ke I N V L Ba Fa 3 1 Ma 2 0 1 5 y ur es o rm s o rc
Co l le d c lt iva d c lan d a ha ntr te o u rop rea ,	3, 0 0 2
k v lue f lan d, ho d Bo E U R t o a o usa n	0, 8 * 1 5 5
l da d e ho d Co i te ity E U R t nso q u usa n ,	9, 8 4 8
Nu be f s ha m r o res	3, 2 9 1, 5 4 9
k v lue f o ha Bo E U R o o ne re, a s	2, 9 9

*Investment properties are stated at fair value and are valued by accredited valuer UAB korporacija Matininkai using sales comparison method. The valuation was performed in June-July 2014.

The profit (loss) summary report of INVL Baltic Farmland as of 31 March 2015

Pr f it ( los ), E U R t ho d o s us an
Re ve nu e	1 2 1
be for Inc e t om e ax	1 3 2
Ne f it t p ro	1 1 6