Meeting of 27 April 2016

Resolutions of the general shareholders meeting of INVL Baltic Real Estate that was held on 27 April 2016:

1. Presentation of the public joint-stock company INVL Baltic Real Estate consolidated annual report.
Shareholders of the public joint-stock company INVL Baltic Real Estate are presented with the consolidated annual report of INVL Baltic Real Estate (There is no voting on this issue of agenda).

2. Presentation of the independent auditor's report on the financial statements of the public joint-stock company INVL Baltic Real Estate.
Shareholders of the public joint-stock company INVL Baltic Real Estate are presented with the independent auditor's report on the financial statements of INVL Baltic Real Estate and audit's committee report for 2015 (There is no voting on this issue of agenda).

3. On the approval of the consolidated and stand-alone financial statements for 2015 of the public joint-stock company INVL Baltic Real Estate.
To approve the consolidated and companies financial statements for 2015 of the public joint-stock company INVL Baltic Real Estate.

4. Regarding the distribution of the public joint-stock company INVL Baltic Real Estate profit.
To distribute the profit of the public joint-stock company INVL Baltic Real Estate  as follows:

Article

(thousand EUR)

Retained earnings (loss) at the beginning of the financial year of the reporting period

1,258

Net profit (loss) for the financial year

3,282

Profit (loss) not recognized in the income statement of the reporting financial year –  impact of reorganization

333

Shareholders contributions to cover loss

-

Distributable profit (loss) at the end of the financial year of the reporting period

4,873

Transfers from reserves

-

Distributable profit (loss) in total

4,873

Profit distribution:

3,782

- Profit transfers to the legal reserves

165

-Profit transfers to the reserves for own shares acquisition

2,828

- Profit transfers to other reserves

-

- Profit to be paid as dividends

789

- Profit to be paid as annual payments (bonus) and for other purposes

-

Retained earnings (loss) at the end of the financial year

1,091

   *0.012 EUR is paid for one share

Regarding allocation of the dividends for the shareholders:

Persons, who will be shareholders of INVL Baltic Real Estate at the end of 11 May 2016, the tenth day after the general shareholders meeting to approve the resolution to allocate part of company's profit for the payment of dividends, are entitled to receive dividends.

5. Regarding the change of the public joint-stock company INVL Baltic Real Estate share capital and par value of its shares.
A reserve for purchase of own shares, which is equal to EUR 2,828, is formed in INVL Baltic Real Estate.

Seeking to ensure for shareholders a possibility to sell company’s shares, to delegate the Board to adopt decisions, on the basis of conditions set out below, on purchase of own shares of INVL Baltic Real Estate through the market of official offer of NASDAQ Vilnius, in accordance with the market rules.

Max number of shares to be acquired – the total nominal value of own shares acquired during the whole period may not exceed 1/10 of share capital.
The period during which the company may acquire its own shares - 18 months from the day of this resolution.
The maximum one share acquisition price – value of consolidated equity per one share calculated according to the last financial statement of INVL Baltic Real Estate, which was announced before the decision of the Board, minimum one share acquisition price – EUR 0.30.

Purchased own shares may be cancelled by the decision of the General Shareholders Meeting or sold by the decision of the Board upon the condition that minimum sale price for one share isn’t lower than value of consolidated equity per one share calculated according to the last financial statement of INVL Baltic Real Estate, which was announced before the decision of the Board, and the sale procedure will ensure equal possibilities for all shareholders to purchase these shares.

The Board of INVL Baltic Real Estate, in accordance with this resolution and the requirements of the Company Law of the Republic of Lithuania, is delegated to organize purchase and sale of own shares, to determine order, time, amount and price of acquired and purchased shares.

 

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