2011-03-29 17:29:01 CEST

2011-03-29 17:30:20 CEST


REGULATED INFORMATION

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Siauliu Bankas AB - Notification on material event

AB Šiaulių banko resolutions of the Ordinary General Meeting of Shareholders 



Šiauliai, Lietuva, 2011-03-29 17:29 CEST (GLOBE NEWSWIRE) -- 

The following events took place and resolutions were made during the Ordinary
General Meeting of the Shareholders held on 29 March 2011: 

1) the consolidated Annual Report was introduced (attached);

2) the conclusions of the independent auditor were announced (attached);

3) the responses and proposals of the Bank's Supervisory Council were announced;

4) the financial statements of the Bank for the year 2010 and consolidated
financial statements were approved (attached); 

5) the appropriation of profit/loss of the Bank was approved (attached);

6) the decision regarding the amendment of the Bank Charter was made:

1. to amend Article 8.1 of the Charter of the Bank as follows:

“8.1. The Bank Board is a collegial Bank management body, consisting of seven
(7) members. It manages the Bank, handles its matters and is liable under the
laws for execution of the Bank's financial services”; 

2. to authorize (with a right to subdelegate) Chief Executive Officer of the
Bank Mr. Audrius Žiugžda to sign the amended Charter; 

7) the representative of the European Bank for Reconstruction and Development
Peter Reiniger was elected to the Bank's Supervisory Council till the end of
the tenure of the present Supervisory Council and it was also set, that he will
take up his duties as a Council member subject to the permission from the Bank
of Lithuania or in case a contradiction is not expressed regarding the
appointment within a given period under the order set by law. 



Chief Executive Officer  Audrius Žiugžda










         Director of the Treasury Department Pranas Gedgaudas is authorized by
the issuer to provide additional information on the stock event and is
available on tel.: +370 41 595653.