• on January 1st, 2012 Dalius Kaziunas started to serve as a president of Invalda.
• on March 30th, 2012, the conversion of 25 million litas and 7.44 million litas par value convertible bonds resulted in the increase of share capital of InvaldaAB to 57,557,940 litas.
• on May 15th, 2012, 5,755,794 shares were acquired by Invalda paying for them 59.6 million litas during a buy-back program. The authorised capital of the Company was reduced to 51,802,146 litas.

Activity:

• Polish listed rail infrastructure construction market leader Trakcja – Tiltra (former company name Trakcja Polska) acquired holdings in Invalda group companies’ Tiltra Group and Kauno Tiltai for a total PLN 314.1 million (EUR 79.5 million or 274.5 million litas).
• Invalda has acquired 12.5 percent of Trakcja - Tiltra shares for PLN 132.5 million and became the second largest shareholder in the company. Trakcja – Tiltra (former company name Trakcja Polska)is Polish rail infrastructure market leader engaged in the rail and tram infrastructure construction and assembling projects.
• Invalda Group purchased 51% shares of Lauko Gelininkystes Bandymu Stotis (brand name Augalu Centras). Later this block of shares was increased to 100%. About 500 thousand litas were paid to the minority shareholders for the remaining 49% of shares.
• InvaldaAB and other Sanitas AB shareholders, all together controlling 87,2% shares, on 19.08.2011, have finished the sale of their shareholding in AB Sanitas to Valeant Pharmaceuticals International, Inc. The preliminary net gain in the standalone financial statements of AB Invalda was 59.3 million EUR (204.6 million litas) and in consolidated financial statements – 53.8 million EUR (185,9 million litas).
• BAIP Group acquired 100 percent shares of Norwegian company Norway Registers Development for 1.2 million EUR (4.14 million litas). Norway Registers Development owns 70.73 percent shares of NRD UAB in Lithuania.
• Invalda has acquired 36.9 % shares of Litagra UAB, one of the largest companies operating in the agricultural sector of Lithuania, for 38.6 million litas (11.2 million EUR), including a new share issue of Litagra UAB of 37.1 million litas (10.8 million EUR). The companies of Litagra Group are engaged in the primary crop and livestock (milk) production, grain processing and agricultural services. Group companies trade in plant protection products, fertilizers, seeds, compound feed, feed supplements, veterinary products. Moreover, companies trade grain, provide drying of grain and other raw materials, cleaning, loading and storage services. Group companies provide agricultural services in Lithuania, Latvia and Estonia.

• January 30, 2010, upon a decision of the shareholders meeting that took place on 30 January, 2010, Invalda issued convertible bonds of 7.44 million litas in nominal value.
• February 3, 2010, having converted the bonds of 50 million litas the Company's authorized capital was increased to 51,659,758 litas.

2010, acquisitions and sales:

• Sanitas completed the sales transaction of HBM Pharma (previous name – Hoechst-Biotika) engaged in contractual manufacturing activities. The total value of the transaction was EUR 13.2 million (45.46 million litas).
• Invalda Group acquired the company Priemiestis from the VilniuscityMunicipality, engaged in the provision of building maintenance services in Naujoji Vilnia, a district of Vilnius.
• after Agrowill Group capitalised part of its debts, Invalda’s interest in the company decreased to a share that did not allow any influence upon the company’s management, therefore Invalda withdrew from this project by selling its shares through the stock exchange.
• Tiltra Group increased its shareholding in Polish group of road and bridge construction companies Poldim to 100 percent.

Sales and acquisitions:

• Finasta Group was sold to Snoras Bank Group for EUR 13.25 million (45.75 million litas).
• Tiltra Group has acquired a Polish road building and bridge construction company Poldim operating in the Southern regions of the country through Silentio Investments in which it holds a 77 percent interest.

• January 1, 2008, Invalda was admitted to the Official trading list of NASDAQ OMX Vilnius.
• December 2, 2008, Invalda made a private placement of two issues of convertible bonds with 25 million litas and 50 million litas in par value.

2008, activities:

• all shares of Hidroprojektas UAB were sold to SWECO Group for EUR 2.5 million (8.6 million litas)
• a sale of two office buildings at Vytenio and Jasinskio streets in Vilnius generated EUR 5.4 million (18.55 million litas).
• BAIP Group (former name – Positor) acquired a small IT Company Acena, which activities are IT infrastructure development and support on Microsoft technology base.
• hotel managing company’s Valmeda shares were sold to the hotel division of a London based company Triangle Group for EUR 19.8 million (68.5 million litas), while the enterprise value of the deal was EUR 25 million (86.3 million litas).
• Invalda sold an office building of 12,000 m² at Savanoriu ave. in Vilnius for EUR 8.7 million (30 million litas).
• Giriu Bizonas was sold to the Swedish concern IKEA, currently the key purchaser of Vilniaus Baldai production. The sale transaction of the 25 percent of shares of Giriu Bizonas generated to Vilniaus Baldai EUR 9.2 million (31.9 million litas).

• On September 28th, 2007, the merger of Invalda and NenuoramaAB, one of the largest shareholders of the Company, was completed. The completion of the process clearly defined Invalda’s shareholding structure, and the management of all key businesses was taken over by Invalda itself. Following the reorganisation of Invalda, its authorised capital increased to 42,568,849 litas.

• with a view to promote social initiative programmes InvaldaAB established a public enterprise Iniciatyvos Fondas. The activities of Iniciatyvos Fondas involve the supportof different programmes to particular social groups.
• Invalda, in cooperation with an information technologies specialist group has established an IT investment company BAIP Group (former name - Positor) in which Invalda holds an 80 percent interest.
• the Invalda Group companies sold three office buildings and two logistics centers in Vilnius and Kaunas to a company managed by Irish investors for EUR 22.8 million (78.85 million litas).
• the insurance brokerage firm Voltera was sold to its management for EUR 115.800 ( 400.000 litas).
• BAIP Group (former name – Positor) acquired the company BAIP (former name - Baltic Amadeus Infrastrukturos Paslaugos) for EUR 2.9 million (10 million litas).

•  January 1, 2006, Darius Sulnis elected as the President of the Company.
• June 30, 2006, Pozityvios Investicijos, in which Invalda held a 75 percent interest, merged with Invalda. As part of the reorganisation Invalda issued 3,273,714 shares, and became a direct shareholder of companies managed by Pozityvios Investicijos. Following the reorganisation of Invalda, its authorised capital increased to 45,008,376 litas.

2006, activities of Invalda:

• Sanitas acquired a Polish generic drugs manufacturer Jelfa for EUR 161 million (557 million litas) from the State of Poland and private investors, and Sanitas became one of the biggest generic pharmaceuticals manufacturers in Central and Eastern Europe.
• In order to increase the market share in pension funds market, the company Medicinos Banko Investiciju Valdymas was acquired. At the end of 2006, this company was merged to Finasta Investiciju Valdymas.
• shares of the company Apzeldinimas were sold for EUR 5.1 million (17.7 million litas). The key asset of Apzeldinimas was a plot of land of 9 ha in Kaunas.
• all shares of Klaipedos Konditerija were sold to the largest Ukrainian confectionary producer – corporation Roshen for EUR 2 million (6.8 million litas).

• November 21, 2005, the authorised capital of the Company increased to 41,734,662 litas.

2005, investment activities of Invalda Group:

• After the company Vilmakas was liquidated, a subsidiary of Invalda was disbursed EUR 0.9 million (3.2 million litas).
• Invalda Group acquired a 100 percent holding in Apzeldinimas UAB for EUR 0.87 million (3 million litas).
• Sanitas acquired a manufacturer of generic drugs Hoechst-Biotika from Sanofi-Aventis established in a small town Martin, Slovakia.
• Vilniaus Baldai, controlled by Invalda AB, subscribed to a new share issue of Giriu Bizonas, and acquired a 25 percent interest in Giriu Bizonas for EUR 7.2 million (25 million litas). In 2006, an additional investment into Giriu Bizonas was made for EUR 0.4 million (1.25 million litas). In 2007, by using the resources of the EU support and own funds Giriu Bizonas opened the new particle board production facilities. The total investment into the new particle board plant exceeded EUR 58 million (200 million litas).
• in cooperation with its partners InvaldaAB acquired Kauno Tiltai – one of the largest road builders in Lithuania.
• Invaldos Nekilnojamojo Turto Fondas acquired eight buildings of 40,000 m² area from Lietuvos Telekomas (currently – TEO LT), for which it paid EUR 20.9 million (72.2 million litas).

• September 2004, the reorganisation process started as a result of which Invalda became a holding company. Following the completion of the reorganisation process the real estate was transferred to Pastana, and other participants of the reorganisation process – Gildeta, Kremi and Pastana transferred their financial assets to Invalda.
• October 1, 2004, the authorised capital of the Company increased to 40,417,339 litas.

2004, investment activities of Invalda:

• Sanitas acquired a shareholding of another Lithuanian manufacturer of pharmaceuticals Endokrininiai Preparatai.
• Valmeda acquired an economy class hotel Ecotel Vilnius.
• Invalda Group acquired a 100 percent holding in the private company Vilniaus Senamiescio Restauravimo Direkcija.
• Umega took over a company operating in Utena – Utenos Elektrotechnika, whose main activity is the laboratory electrical furnace production.
• Vilniaus Baldai started investing EUR 11.58 million (40 million litas) into the second production site.
• all its interest in ChemijaAB was sold for EUR 0.6 million (2.1 million litas) to a public company Trevesta.
• Invalda Group acquired a 73.8 percent holding in VilmakasAB for EUR 0.5 million (1.8 million litas). The company was engaged in the manufacturing of doors and other wooden items.
• acquired the controlling interest of the insurance brokerage firm Voltera.

• December 19, 2003, the investment holding company Invalda reregistered into a public company.

2003, investments carried out:

• in equal share with its partners InvaldaAB acquired 72 percent of shares of the largest Lithuanian pharmaceuticals manufacturer Sanitas for EUR 4.7 million (16.34 million litas).
• an asset management company Finasta Investiciju Valdymas was established.
• the Invalda Group acquired the company Kelio Zenklai from the State property Fund. The activity areas of Kelio Zenklai are wood widgets, metal and road maintenance equipment manufacturing.
• Invalda Group invested into an agricultural investment company Agrovaldymo Grupe (currently – Agrowill Group) and controlled 25 percent of its shares.

• September 3, 1996, Algirdas Bucas appointed as the President of the Company.
• October 15, 1996, the second indexation of the Company's shares. The authorized capital of Invalda increased to 38,000,000 litas.
• December 18, 1997, Invalda reregistered into a holding investment company.

1998, investment activities of Invalda:

• the shares of Medienos Plausas sold to SCA Group for EUR 3.8 million (13.1 million litas). Additional EUR 0.8 million (2.9 million litas) was gained from the block of shares sale to another investor in 1997.
• the shares of Nemunas sold for EUR 1.2 million (4.2 million litas) to a Latvian company Monald Metals.
• the financial brokerage firm Finasta was acquired.

2000, investment activities of holding investment company Invalda:

• the shares of Azuolas were sold for 0.6 million (2.16 million litas).
• Valmeda a company of Invalda Group started the construction of the Holliday Inn hotel in Vilnius.
• the controlling interest of the candy manufacturer Klaipedos Konditerija AB was acquired for EUR 0.7 million (2.5 million litas).

2001, Hidroprojektas UAB was acquired for EUR 0.6 million (2.2 million litas) from minor shareholders. Activity – architectural design and consultations.

• on December 23rd, 1991, Invalda activities were started and the first Articles of Association were registered. The Company's share capital was 11,000 litas (1,100,000 RUB at that time). Stasys Poskus was the President of the Company.
• 1992-1995, the Company's share capital increased from 700,000 litas (70 million RUB at that time) to 9,500,000 litas.
• December 19, 1995, the shares of Invalda were admitted to the trading lists of the National Securities’ Stock Exchange.

1992, the investment public company Invalda bought:

• 53 percent of shares of Medienos Plausas AB for EUR 0.15 million (0.52 million litas). Activity – manufacturing of soft fibre boards and moulded-fibre packaging.
• the controlling interest of NemunasAB for EUR 0.3 million (1.1 million litas). Activity - the production of wires of different parameters, nails, metal mesh and other metal articles.
• the controlling interest of AzuolasAB.
• the shares of ChemijaAB for EUR 0.07 million (0.24 million litas).

1994, Invalda invested into a metal processing company Umega. The votes held by InvaldaAB in Umega were in excess of 20 percent.

1995, Invalda increased the interest in a furniture manufacturer Vilniaus Baldu Kombinatas (currently – Vilniaus Baldai) and gained the control.