INVL Technology — Major Shareholding Notification 2022

Jan 14, 2022

NOTIFICATION OF A PERSON ON THE DISPOSAL OF VOTING RIGHTS

1. Issuer’s name, code, head office address, country INVL Technology, code 300893533, head office address Gyneju str. 14, Vilnius, Lithuania
2. Reasons for crossing the declared threshold (mark the relevant reason): [ ] Acquisition or [ ] disposal of the voting rights [ ] Acquisition or [X] disposal of the financial instruments [ ] An event changing the breakdown of voting rights [X] Other (please specify) After Invalda INVL disposed the Issuer's shares, it lost the votes granted by the Issuer's shares directly controlled, however, it has votes indirectly, i.e. only the nature of holding votes is changing for Invalda INVL. The votes granted by the Issuer's shares held by the Group (Invalda INVL and its subsidiaries) remains unchanged.
3. Details of person subject to the notification obligation: (by crossing declared threshold upward direction or downward direction) Name: Invalda INVL, AB City and country of registered office (if applicable): Gyneju str, 14, Vilnius, Republic of Lithuania
4. Name and surname or name of shareholder (according to the Act 16 art. 1 part. 2-10, if it is not the Person described in 3 item. All the natural persons and legal entities including Person described in 3 item should be declared, by showing amount of voting rights and percentage of voting rights for all natural persons and legal entities): AB Invalda INVL, Gyneju str, 14, Vilnius, Lithuania (0 units, 0%) INVL Life UAB, Gyneju str, 14, Vilnius, Lithuania (1,873,678 units, 15.39%) UAB INVL Asset Management, Gyneju str, 14, Vilnius, Lithuania (223,000 units, 1.83%)
5. Declared threshold and date on which the threshold was crossed or reached (e.g., date of the acquisition or disposal of the voting rights; date of the other reason, for which an obligation to make a notification occurred; date of material event when passive crossing of the declared threshold occurred.) Date of threshold - 12-01-2022 Declared threshold - the nature of holding votes is changing for Invalda INVL; after the date specified above Invalda INVL directly owns 0%, indirectly it retains previously held >15% block of shares.
6. Total positions of person(s) subject to the notification obligation:
	% of voting rights attached to shares (total of 7.A)	% of voting rights through financial instruments (total of 7.B.1 + 7.B.2)	Total of both in % (7.A + 7.B)	Total number of voting rights of issuer
Resulting situation on the date on which threshold was crossed or reached	0 - directly 17.22 - indirectly		0 - total 17.22 - directly	12,175,321
Position of previous notification (if applicable)	15.0006		15.0006

---

2

7. Notified details of the resulting situation on the date on which the threshold was crossed or reached:
A: Voting rights attached to shares
Class / type
ISIN code of
shares	Number of voting rights		% of voting rights
	Direct
(art. 15 of the Act)	Indirect
(art. 16 of the Act)	Direct
(art. 15 of the Act)	Indirect
(art. 16 of the Act)
ORS,
LT0000128860	0	2,096,678	0	17.22
SUBTOTAL A	0	2,096,678	0	17.22
B 1: Details of financial instruments that result in an entitlement to acquire in the future, on the holder’s own initiative, shares already issued by the issuer with voting rights attached (art. 17 of the Act)
---	---	---	---	---
Type of financial instrument	Expiration date	Exercise/ Conversion Period	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights
		SUBTOTAL B.1
B 2: Financial instruments related to instruments declared in part B1 and having similar economic effect (art. 17 of the Act)
---	---	---	---	---
Type of financial instrument	Expiration date	Exercise/ Conversion Period	Physical or cash settlement	Number of voting rights
			SUBTOTAL B.2

---

3

1. Information in relation to the person subject to the notification obligation (mark the relevant reason):

[ ] Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer (if the natural person or legal entity, which has an obligation to make a notification, is controlled and (or) controls other legal entity, mark the other option)

[X] Full Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity:

Name	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
AB Invalda INVL	0		0
INVL Life UAB	15.39		15.39
UAB INVL Asset Management	1.83		1.83

1. In the case of voting by proxy:

2. Additional information:

Vilnius, 14 January 2022

Darius Šulnis,
president of Invalda INVL, AB

Dokumentą elektroniniu
parašu paśirašė
DARIUS,ŠULNIS
Data: 2022-01-14 15:06:29