Latvian Company Baltikums Asset Management Will Now Be Called Invalda Asset Management Latvia

October 16. Riga. The Latvian investment management company IPAS Baltikums
Asset Management, which was acquired by AB Invalda in September, is changing
its name and will now be called Invalda Asset Management Latvia. 	 

Invalda has been operating in the Latvian asset management market since 2006
and in September this year, it acquired 100 percent of the shares in IPAS
Baltikums Asset Management from the Latvian bank AS Akciju komercbanka
Baltikums. In Latvia, Invalda Asset Management Latvia will manage two second
tier pension funds and six (three of them of closed type) investment funds. In
the future, the company plans to expand its service package. 


About Invalda

The strategy of the Invalda financial group is to focus on the areas of asset
management and private and investment banking. Asset management activities are
currently concentrated in the sectors of finance, real property, pharmacy,
manufacture of furniture, and road and bridge construction. The companies in
the Invalda group mostly operate in the region of Central and Eastern Europe,
but the company is also looking for new investment opportunities in
neighbouring regions. The aim of the Invalda financial group is to carry out
successful activities by focusing on long-term stable growth and to ensure high
long-term financial return to its shareholders. 

The shares of AB Invalda have been quoted since 19 December 1995 (at that time
it was the National Securities Exchange). Since 1 January 2008, the company's
shares have been listed on the Official Trading List of the Vilnius Stock
Exchange. The shares of Invalda are also included on the OMX Vilnius and OMX
Baltic 10 trade indices, OMX Baltic Benchmark GI, the international Dow Jones
STOXX indices EU Enlarged TMI, Eastern Europe, Eastern Europe 300 Financial
Services, Eastern Europe Small, Eastern Europe TMI, and Eastern Europe TMI
Small.