The second supplement to the prospectus of INVL Baltic Real Estate shares’ public offering, continued by Invalda INVL, was approved

The Prospectus of the public offering of INVL Baltic Real Estate shares was approved by the Bank of Lithuania on 23 April 2018 (decision regarding approval of the Prospectus No. 241-70, hereinafter referred, the “Prospectus”). Prospectus is intended for the public offering of 2,893,000 ordinary registered shares of INVL Baltic Real Estate owned by Invalda INVL (hereinafter referred, the „Offering“) and was later amended by the first supplement to the Prospectus on 21 May 2018 (decision No. 241-128).

Invalda INVL informs that on 27 August 2018 Director of the Supervision Service of the Bank of Lithuania by the decision No. 241-196 approved the second supplement to the prospectus of the public offering of INVL Baltic Real Estate shares.

Essential conditions remain unchanged, i.e. the Offering is executed by Invalda INVL AB (hereinafter referred, the „Selling Shareholder“), which on the day of the Prospectus and on this announcement day is the largest shareholder of the Company. During the Offering, the Selling Shareholder sells up to 2,893,000 units of existing ordinary registered shares of the Company, which represent up to 22% of the Company's share capital. INVL Finasta UAB FMĮ is the Offering broker.

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Additional information:

Real estate investment company INVL Baltic Real Estate, which is carrying out public offering of shares, published an updated share offering prospectus, approved by the Bank of Lithuania approved today, i.e. 27 August.

The prospectus was updated according to the interim report for the first half of 2018 of INVL Baltic Real Estate, the new valuation reports of real estate property and after the forecast for the year ended 2018 was announced as invalid. Moreover, amendments to certain tax laws of the Republic of Lithuania were passed on 28th June 2018, which may be relevant for certain investors of the company.

"We are pleased with the successful activity of the real estate investment company INVL Baltic Real Estate and we believe in its promising future. In turn, we will continue to purposefully implement the declared intention to distribute part of shares through a public offering, thus enabling other individuals to invest in commercial real estate and increasing the attractiveness and liquidity of the shares of INVL Baltic Real Estate. We have a policy of investing in the Invalda INVL group’s products together with clients, so we intend to retain a 10% equity stake in INVL Baltic Real Estate, " said Darius Šulnis, the president of Invalda INVL.

According to prospectus, the public offering will be carried out in three stages till 13 December of this year. Investors will be offered to acquire up to 22 per cent, or not more than 2.893 million shares of INVL Baltic Real Estate, currently owned by Invalda INVL.

The first public offering period took place from 2 May till 4 July, the second one is carried out from 18 August till 18 September, and the third one takes place from 2 November till 13 December inclusive. The share price during each period of the public offering will be equal to the most recently announced company's net asset value per share.

The person authorized to provide additional information:

Darius Sulnis

President of Invalda INVL

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