IPAS „Invalda Asset Management Latvia” has finished liquidation of two open-end funds

Riga, 20th of March 2009.

Hereby we announce that on 20th of March 20, 2009 IPAS „Invalda Asset
Management Latvia” has finished liquidation of two open-end funds “Government
Bond fund” and “International equity fund of funds”. The proceeds of
liquidation will be distributed among the investors of the funds proportionally
to their amount of fund units. IPAS „Invalda Asset Management Latvia” will
continue to manage open-end fund “Baltic Index fund”, two close-end funds
“Finasta Fund Beta”, “Finasta Fund Gamma” and also two second pillar state
funded pension plans “Invalda conservative plan” and “Invalda universal plan”. 

About IPAS „Invalda Asset Management Latvia”

IPAS “Invalda Asset Management Latvia” is a member of Lithuanian financial
group “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 neighboring 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 NASDAQ OMX Vilnius.
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.