Prepared conditions of reorganization of Invalda AB


Pursuant to Article 101, paragraph 1 of Book Two of the Civil Code of the
Republic of Lithuania, and Art. 65, paragraph 1 of the Law on Companies of the
Republic of Lithuania, we hereby inform about the prepared conditions of
reorganization of companies specified below: 

Company undergoing reorganization: 
Nenuorama AB; company name - Nenuorama AB; legal form-public company; office
address - Vilnius city municipality, city of  Vilnius, J.Tumo-Vaižganto str.
9/1-38; code 122649227; the company is not a payer of VAT; authorized capital -
1,200,000 litas; subscribed authorized capital - 1,200,000 litas; register
wherein  information about the company is filed and stored - Register of Legal
Entities; keeper of the Register - state enterprise Centre of Registers,
Vilnius Branch, Division of Legal Entities. 

Company participating in reorganization: 
Invalda AB; name of the company -Invalda AB; legal form - public company;
office address - Vilnius city municipality, city of Vilnius , Šeimyniškių g. 3;
corporate code 1213 04349; VAT payer code: LT213043414; authorized capital
45,008,376 litas; subscribed authorized capital 45,008,376 litas;  register
wherein  information about the company are filed and stored - Register of Legal
Entities; keeper of the register - State enterprise Centre of Registers,
Vilnius Branch, Division of Legal Entities. 

The companies are reorganized by way of merger, by merging Nenuorama AB (the
company undergoing reorganization) which shall terminate its operation, to the
public company Invalda (company participating in reorganization), which shall
continue operation and assume all rights and duties of the company undergoing
reorganization. 
After the reorganization, the assets, rights and duties of the terminative
company, as well as rights and duties under transactions shall pass over to the
company that will operate after the reorganization, and the assets and
transactions shall be included into the accounting of the latter company since
28.09.2007. 
The reorganization conditions, new edition of Invalda's Articles of
Association, annual financial statements and interim financial statement as of
30.06.2007 of the companies undergoing reorganization and participating in
reorganization, report of assessing the reorganization conditions, reports
drawn by the Board of the public company Invalda and  head of the public
company Nenuorama on the intended reorganization are available for 
familiarization at offices of the company undergoing reorganization and the
company participating in reorganization on every business day from 8 a.m. till
4 p.m., also on the website www.invalda.lt. Additional information is provided
by the telephone +370 5 2790601. 

Vytautas Bučas
Chairman of the Board
+370 5 2790602
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