Bankas Snoras AB - Notification on material event

An offer to exercise the right of pre-emption to purchase a new AB Bank SNORAS ordinary registered share issue

The offering of shares of the new issue will commence on 09-03-2011. The issue
price of one share is LTL 1,00. Shares will be offered at A.Vivulskio str.7,
Vilnius, and in the Bank's branches whose addresses and office time are
specified in the prospectus. 

Share offering will be carried out in the following manner and stages:

The subscription rights will be assigned on 09-03-2011 free of charge to the
persons, who at the end of the day of accounting the rights, i.e. 05-01-2011,
were the owners of ordinary registered shares of the Bank SNORAS. 0.80149553 of
the subscription rights shall be assigned to each ordinary registered share of
1 litas nominal value. Subscription rights will be cancelled in 15 days after
account opening. 

Stage I

From 09-03-2011 until 23-03-2011 shares will be offered only to the persons,
who have the subscription rights in their personal securities account.
Subscribed shares shall be paid for within three calendar days following the
signing of share subscription agreement. 

AB Bank SNORAS will inform about the remaining number of unsubscribed shares in
the notification on NASDAQ OMX Vilnius Stock Exchange and the Bank's websites
on 28-03-2011. 

Stage II

From 29-03-2011 until 11-04-2011 shares will be offered only to AB Bank SNORAS
preference shares shareholders in proportion to their shares held 05-01-2011.
Subscribed shares shall be paid for within three calendar days following the
signing of share subscription agreement. 

AB Bank SNORAS will inform about the remaining number of unsubscribed shares in
the notification on NASDAQ OMX Vilnius Stock Exchange and the Bank's websites
on 15-04-2011. 

Stage III

Shares will be offered to all investors applying for the purchase of AB Bank
SNORAS shares remaining after Stage II in proportion to the number of shares
specified in their application. Investors' applications will be accepted from
18-04-2011 until 20-04-2011.  Subscription agreement and applications shall be
signed at AB Bank SNORAS or the Bank's branches personally by the investor or
his proxy. Share prospectus is available at AB Bank SNORAS head office or the
Bank's branch and on the Bank's website http://www.snoras.lt. 


         Vladimir Streckij
         Director of Finance Brokerage Department
         (+370 5) 2327212