On October 15, 2008 the Board of Invalda AB in pursuance of the decision of the Board, dated October 13, 2008, and in order to rearrange liabilities passed the decision to issue bonds of the nominal value of LT 75,000,000. In December 2008, this emission is to be refunded by the issues of non public convertible bonds of nominal value LTL 25,000,000 and LTL 50,000,000. The main characteristic of the bonds: - amount: 750,000 units; - nominal value of one bond: LTL 100; - total nominal value: 75 000 000; - issue price of one bond: LTL 100; - annual interest rate: 9.9% (the interest is paid on the redemption day); - the bonds are signed on October 15 - 16, 2008; - the bonds are redeemed on December 1, 2008; - the redemption price of the bond - nominal value (LTL 100) and accumulated interest. The obligations of Invalda AB to the holders of bonds are secured by pledging 100% of Invaldos Nekilnojamojo Turto Fondas AB shares and other assets appropriated for the parties in the proportions of the underwritten bonds. On October 15, RB Finansai UAB, the company closely related to Alvydas 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. Darius Sulnis President +370 273 4876