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Invalda AB: Decisions of shareholders meeting

Invalda AB                         Material Event                              19-06-2006

Decisions of shareholders meeting

Decisions of unordinary general shareholders meeting of June 19, 2006:
1.. According to the article 2.97 part 3 of Civil Code of the Republic of Lithuania,
reorganize Invalda AB by the way of merger, merging Pozityvios investicijos AB
to Invalda AB. After reorganization Pozityvios investicijos AB ends its activity and
Invalda AB continues its activities.
2. To approve conditions of reorganization.
3. To approve bylaws of Invalda that continues its activities after reorganization;
4. To elect Ernst & Young Baltic UAB as audit company of Invalda AB and to settle
annual payment for auditors services equal to LTL 109 000 (31 569 EUR), VAT
not included.

Alvydas Banys
Chairman of the Board
+370 5 279 06 91