INVL Baltic Real Estate

Earnings Release • Aug 20, 2014

Key information about INVL Baltic Farmland, AB for 6 months of 2014¹

About INVL Baltic Real Estate, AB

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

INVL Baltic Real Estate seeks to earn from investments in commercial real estate, ensuring the growth of rental income. The companies of INVL Baltic Real Estate have invested in an office, warehouse, manufacturing real estate objects in Lithuania and Latvia. Group companies have about 51 700 sq. m of the real estate space.

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

INVL Baltic Real Estate, AB later will apply to the Bank of Lithuania for closed-end investment company license and in its essence will become similar to investment fund. Simplified group structure of INVL Baltic Real Estate, AB

Real estate objects owned by group companies of INVL Baltic Real Estate, AB in Vilnius (Lithuania)

Real estate objects owned by group companies of INVL Baltic Real Estate, AB in Riga (Latvia)

Key figures of INVL Baltic Real Estate, AB group as of 30 June 2014

illi ( i f n d o he ise ) LT L m ot sta te t on rw
Ma d c nag e om mo n a rea	51, 676 sq . m
d r l ar Ma ent nag e a ea	40 500 sq . m ,
Th l es lue * tat e r ea e v a	116 .7
f t for Va lue he loa d ies in La tvi ant o ns gr e co mp an a	13. 7
Lon de he b lea ter nt r t nt g- m pr epa y me un su se ag ree me	2.8
h Ca s	0.5
her Ot set as s	2.0
AS SE TS	13 5.7
Eq uity	49 .4
Loa fro dit in stit utio ns m cre ns	.8 55
Loa fro Inv lda LT ns m a	9 15.
fer d t lia bi lity De re ax	12. 4
Ot her b les pa ya	2.2
TO Q TA L E UI TY AN D L IA BI LIT IE S	13 5.7

* Value estimated based on appraisers assessment at the end 2013.

Income of INVL Baltic Real Estate, AB group as of 30 June 2014

illi LT L m on
In co me	2.9 0
l in fro bj ta ect ren com e m ow n o s	1.4 7
l in fro d by lien ta ert ts ren com e m pr op y ow ne c	0.9 6
her ot in com e	0.4 7
fit be for Pro e t ax	0.1 92
fit Ne t p ro	0.1 45

¹The information covers the first interim financial period of the Company, starting from the Company's establishment date on 29 April 2014 and ending on 30 June 2014