INVL Technology — Share Issue/Capital Change 2015

Mar 19, 2015

INVL Technology

The Board of INVL Technology

To the general shareholders meeting held on 10 April 2015

ilOTIFICATIOIT

The Board of the company offers to withdraw the pre-emptive right of the Company's shareholders to acquire newly issued ordinary registered shares as newly issued shares will be publicly offered under the rules set by the Law of Securities of the Republic of Lithuania. Considering the withdraw of the pre-emptive right to acquire shares of the company, according to the Law on Companies by the Republic of Lithuania Article No. 57 Part No. 5, the persons who have a right to purchase the shares of the Company are not noted.

Rules of subscription for the new shares and subscription terms of the newly issued shares will be specified in the publicly published Prospectus of INVL Technology.

The minimal issue price of each newly lssued share is EUR 1.56 which is set according to:

• 1) At the end of 2014, according to the unaudited data, companies managed by the public joint-stock company INVL Technol€y were valued at EUR 9.75 million and book value of the public joint-stock company INVL Technology per single ordinary registered share amounted to EUR 1.60;
• 2) Starting from the moment when the shares of the reorganised public joint-stock company INVL Technology were included into NASDAQ Vilnius trading lists (on 3 June, 2014) until 18 March, 2015, the weighted recalculated average price of the share of the public joint-stock company INVL Technology, continuing operations after the Reorganisation, amounted to EUR 1.47.

Chairman of the Board of INVL Technology Kazimieras Tonkunas \