Bankas Snoras AB - Notification on material event

Sale of shares

Bank SNORAS has sold 1428 UAB "SNORAS Development" and 5100 UAB "SNORAS
Investment Management" shares to Britain's financial services company "Jubilee
Financial Products" managed fund "Regent Special Situations Fund". Sum of deal
is 0,5 mln LTL (0,145 mln. EUR). 


         Vladimir Streckij
         Financial brokerage department director
         tel. +370 5 232 7212