Siauliu Bankas AB - Notification on material event

CORRECTION: Regarding takeover of Ūkio bankas AB assets, rights, transactions and liabilities

Text in english

Šiauliai, Lithuania, 2013-02-25 13:11 CET (GLOBE NEWSWIRE) -- 

The additional information regarding the transferred part of Ūkio bankas'
assets, rights, transactions and liabilities was provided during the press
conference arranged by the temporary administrator of Ūkio bankas on February
25, 2013, Chief Executive Officer of Šiaulių bankas Audrius Žiugžda also
participated there. 

The agreement  among Šiaulių bankas AB, temporary administrator of Ūkio bankas
and the State undertaking „Deposit and Investment Insurance“ signed on February
23, 2013 foresees that Šiaulių bankas shall take over the insured liabilities
to the clients in the amount of LTL 2.7 billion. In order to fulfil these
liabilities Šiaulių bankas shall take over the assets, the value of which is
LTL 2.7 billion. The transferred assets by assets classes are allocated as
follows (in billion LTL): the liquid banking assets - 0.8; the loans (including
bonds of the subsidiaries) - 0.8; the Governmental securities issued by the
State to fulfil the liabilities of the „Deposit and Investment Insurance“ -
0.8; other assets - 0.3, including subsidiaries Ūkio banko lizingas UAB and
insurance company Bonum Publicum. 

Chief Executive Officer Audrius Žiugžda


         Chief Executive Officer Audrius Žiugžda shall provide the additional
information and is available on tel. +370 5 263 6157.