Company Overview - UAB "Orkela" is primarily engaged in real estate development and construction, owning a land plot and a building complex located on Vasario 16-osios st. 1, Vilnius [1] Financial Performance - The audited financial statements for the year ended 31 December 2024 show a net loss of EUR 412,324, resulting in retained earnings (losses) at the end of the financial year amounting to EUR (9,509,263) [4] - The retained earnings (losses) at the beginning of the financial year were EUR (10,921,587) [4] Shareholder Decisions - The sole shareholder approved the financial statements for 2024 and the distribution of profit (loss) during the General Shareholders' meeting [3][4] Bond Issuance and Leasing Activities - In 2024, the Company issued 15,156 units of secured non-convertible bonds, each with a nominal value of EUR 1,000, totaling EUR 15.156 million [5] - As of 31 December 2024, the total number of issued bonds was 38,658 units [5] - The Company leased 4,333 sq m of administrative space in a property under development, achieving an occupancy rate of 92% after leasing an additional 922 sq m in Q1 2025 [5] Regulatory Approvals - On 10 April 2025, the State Territorial Planning and Construction Inspectorate approved the completion of the construction of the administrative part of the project [5]

Company Overview - UAB "Kvartalas" is primarily engaged in real estate development and construction, owning a commercial land plot in Vilnius, which is being developed into an office building with over 19,000 sq.m. of ground floor space [1] Financial Performance - The Company reported retained earnings (losses) at the beginning of the financial year amounting to EUR (1,389,366) and a comprehensive income (net loss) for the reporting period of EUR (1,024,284), resulting in retained earnings (losses) at the end of the financial year of EUR (2,413,650) [2] - There were no dividends paid or transfers to the legal reserve during the reporting period [2] Bond Issuance - In 2024, the Company approved a prospectus for the placement of EUR 50 million in bonds and issued 80,000 units of secured non-convertible bonds with a nominal value of EUR 100 each, with a fixed interest rate and semi-annual interest payments [2] - All investment assets of the Company are pledged as security for the obligations to bondholders [2] Future Financing Plans - The Company plans to raise additional external financing through bond issuance in 2025, contingent on project progress and working capital needs [3] Key Events - On 6 March 2025, the bonds issued by UAB "Kvartalas" were listed on the Nasdaq Baltic Bond List [4] - On 1 April 2025, the Company issued an additional 120,000 units of secured non-convertible bonds with a nominal value of EUR 100 each [4]