Siauliu Bankas AB - Notification on material event

Changes in the Supervisory Council and Management Board of Šiaulių bankas AB

Šiauliai, Lithuania, 2014-02-12 15:38 CET (GLOBE NEWSWIRE) -- 

         Alexander Saveliev, the representative of the European Bank for
Reconstruction and Development (EBRD), resigned from his position of the member
of the Supervisory Council of Šiaulių bankas AB on 11 February 2014. It is
planned that another representative of the EBRD shall be offered instead of the
resigned member of the Supervisory Council. 

         On 12 February 2014 Supervisory Council of Šiaulių bankas AB has
elected Ilona Baranauskienė as the member of the Management Board of Šiaulių
bankas AB until the end of the tenure of the current Board. 

         During the meeting of the Supervisory Council of Šiaulių bankas AB
held on 12 February 2014 the resignation of Audrius Žiugžda from the position
of the Deputy Chairman of the Management Board and the member of the Management
Board before the end of the tenure has been accepted.  A. Žiugžda resigned from
the position of the Chief Executive Officer on 01 February 2014. 

Chief Executive Officer         Vytautas Sinius


         Additional information shall be provided by Chief Executive Officer
Vytautas Sinius by telephone +370 2362209.