Invalda AB Material Event 31-05-2006 Results for I quarter of 2005 under new accounting principles Unaudited consolidated net profit of Invalda AB and affiliated companies for the first quarter of 2006 under International Financial Reporting Standards is 2,765 mln LTL (0,8 mln EUR). Unaudited net profit of Invalda AB for the first quarter of 2006 under International Financial Reporting Standards is 3,962 mln LTL (1,147 mln EUR). The investment property of Invalda Group was accounted at fair value as of 31.12.2005. Hotels under management were reclassified to a separate category of fixed assets. These changes increased shareholders equity by 171 mln LTL (49.5 mln EUR), as of 31.12.2005 value of consolidated investment property increased by 173 mln LTL (50,1 mln EUR) and value of hotels increased by 22,2 mln LTL (6,37 mln EUR). Vytautas Bučas Member of the Board +370 5 279 06 02
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