Regarding acquisition of Balticums Asset Management and sale of Finasta Asset Management shares

On May 16, 2008, Invalda AB has signed agreement with Akciju Komercbanka
Baltikums regarding acquisition of 100% shares of Baltikums Asset Management
(investment management company registered in the Republic of Latvia) and
regarding sale to Akciju Komercbanka Baltikums 100% shares of Finasta Asset
Management (investment management company registered in the Republic of
Latvia). 

As all permissions of supervisory institution were received, on September 19,
2008, Invalda AB completed the process of acquisition of Latvian asset
management company Baltikums Asset Management IPAS and has acquired 100 pct
stake in this company. A deal whereby Invalda sold a stake in Finasta Asset
Management AS IPS to Latvian bank Akciju Komercbanka Baltikums AS was also
completed on September 19. 
In Latvia Baltikums Asset Management will control two second pillar pension
funds and six investment funds. 

Darius Sulnis
President
+370 5 273 48 76