Regarding changes in Supervisory board and Management board


Since 19th of september, 2008 AB ,,Invalda” owns 100% shares of IPAS „Baltikums
Asset Management”. Wherewith from this date IPAS„Baltikums Asset Management”
manages open-end funds "BALTIC INDEX fonds", "Valsts obligāciju fonds",
"Internacionālo akciju fondu fonds", state-funded pension scheme investment
plans “Baltikums konservatīvais ieguldījumu plāns” and “Baltikums universālais
ieguldījumu plāns” and closed end funds „Finasta Fund Alpha”, „Finasta Fund
Beta”  „Finasta Fund Gamma” which were adopted from AS IPS „Finasta Asset
Management”. 
Fund manager for all funds and state-funded pension scheme investment plans has
become Andrejs Martinovs. 
IPAS„Baltikums Asset Management” has elected new Supervisory board: Dalius
Kaziūnas (chairman of Supervisory board), Andrej Cyba (member of Supervisory
board) and Lina Sajyte (member of Supervisory board). 
IPAS„Baltikums Asset Management” also has elected new managament board: Andrejs
Martinovs (chairman of Management board), Andrius Barštys (member of Management
board). 

Information on professional background of new supervisory and management board
members available in the Latvian version of the announcement. 

Andrejs Martinovs
IPAS „Baltikums Asset Management”
Chairman of Management board