Clarification of announced information about buy-back of own shares and revision of forecasts

Due to increased number of Invalda AB shareholders' inquiries about company's
intensions to buy-back own shares and revision of Invalda AB plans and
forecasts, hereby we present clarification of announced information: 

1. In the General Meeting of shareholders that took place on July 9, 2008,
shareholders of Invalda AB approved proposal of acquisition up to 10 percent of
own shares, paying per share from 14 LTL (4.05 EUR) to 30 LTL (8.67 EUR). The
reserve of 69.13 m LTL (20.02 mEUR), formed by Ordinary General Meetings in
2007 and 2008, would be used. The term of 18 months from the day of the General
Meeting for the buy-back of own shares was set. 

Clarification of the abovementioned decision of shareholders:
- buy-back of own shares can be exercised only when the Board of Invalda passes
appropriate decision; 
- buy-back of own shares would be exercised by bringing public offer and
announcing material event on NASDAQ OMQ Vilnius stock exchange prior to the
buy-back. This would grant all shareholders equal possibilities to transfer to
the company maximum amount of their shares; 
- The term of 18 months from the day of the General Meeting was set. The Board
of the company makes decision about a term of buy-back of own shares according
to the situation in markets and the company, and the Board puts the most
appropriate term to buy-back of own shares. 

2. Invalda's interim consolidated report for 6 months of 2008 (clause 14
“Activity plans and forecasts of Issuer and the group”) states that Invalda AB
group plans to earn 127 mLTL (36.78 mEUR) consolidated net profit in 2008, the
part of it attributable to the shareholders of Invalda AB should equal to 121.8
mLTL (35.28 mEUR). The forecasts of Invalda AB group may be revised when the
annual plans of the group companies are reviewed and the main assumptions,
which are necessary to evaluate Invalda AB investment activity's influence on
group's results, are determined. 

Clarification of information:
- forecasts correction provision which was announced in interim report is still
valid and unchanged. Revision of forecasts may be performed and announced only
when the Board of the company evaluates both activity results of separate group
companies and group investment activity's influence on the result, and after
that the Board will have reasonable basis for adequate activity result
forecasting. Management of Invalda AB keeps commitment to investors to revise
and announce new forecasts as soon as it becomes possible to evaluate key
factors able to influence activity results. 

Darius Sulnis
President
+370 5 273 48 76