On December 1, 2008, Invalda has redeemed its bonds. The main characteristic of the redeemed bonds: - bonds issued October 15, 2008; - amount: 750,000 units; - nominal value of one bond: LTL 100; - total nominal value: LTL 75 000 000; - issue price of one bond: LTL 100; - annual interest rate: 9.9%; - the bonds were owned by RB Finansai UAB, the company closely related to A.Banys (underwrote 250,000 bonds of total value LTL 25,000,000) and Indre Miseikyte (underwrote 500,000 bonds of total value LTL 50,000,000). - the bonds were redeemed on December 1, 2008. On December 1, 2008, non-public LTL 25 mln and LTL 50 mln convertible bonds were signed. The convertible bonds were issued seeking to refinance the buy-out of the above-mentioned bonds. The extraordinary General Meeting of Invalda AB shareholders that took place on November 14, 2008, approved the non-public issues of convertible bonds. The main characteristics of convertible bonds: - amount: 250,000 and 500,000 units; - nominal value of one bond: LTL 100; - issue price of one bond: LTL 100; - annual interest rate: 9.9%; - redemption day July 1, 2010; - the bonds can be converted to Invalda AB shares. One bond of nominal value LTL 100 is to be converted to ordinary registered shares at ratio 5.5 (one bond would be converted into 18.18 shares approximately, final result is to be rounded by arithmetical rules). More information about non-public convertible bonds issues was provided in the decisions of the General Meeting of shareholders announced by Invalda AB on November 14, 2008. Darius Sulnis President Tel. +370 5273 4876