Siauliu Bankas AB - Notification on material event

A candidate is proposed to the Supervisory Council of Šiaulių bankas instead of the resigning member of the Council

Šiauliai, Lietuva, AB Šiaulių bankas, 2011-03-17 15:27 CET (GLOBE NEWSWIRE) -- 

During the General Shareholders Meeting of Šiaulių bankas to be held on 29
March 2011 the election of Supervisory Council member is foreseen. The European
Bank for Reconstruction and Development, which owns shares of Šiaulių bankas
granting 22.44 per cent of total votes, proposed Peter Reiniger as a candidate
to the member of the Supervisory Council. The information on the proposed
candidate is attached to this report on the stock event. 

The shareholders wishing to vote on meeting issues in advance by filling in a
general voting ballot or to grant a power of attorney to represent them during
the meeting, shall have a right to cast a vote on the proposed candidate by
voting on the seventh agenda issue. 

Michael Anthony Hesketh, the representative of the European Bank for
Reconstruction and Development, resigns from the Supervisory Council of Šiaulių
bankas on 29 March 2011. 

Chief Executive Officer  Audrius Žiugžda

17 March 2011


         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.

Attachments:

P_R_(eng).pdf