Siauliu Bankas AB - Notification on material event

Procedure for the pay-out of dividends

Šiauliai, Lithuania, 2013-04-26 15:33 CEST (GLOBE NEWSWIRE) -- 

The Ordinary General Meeting of Shareholders held on 28 March 2013 approved the
bank's profit allocation which foresees the pay-out of dividends - LTL 0,005
per each share with nominal value of LTL 1. Dividends would be paid to those
persons who at the end of the day of accounting of meeting rights (12 April
2013) were shareholders of the Bank. 

 From 26 April 2013 the Bank will pay out the dividends in the following order:

- for shares that are accounted on the shareholders' personal securities
accounts with the banks and  financial brokerage companies, which provide
securities accounting services to shareholders, the dividend amount, after
deduction of Personal or Corporate withholding income tax applicable by the
laws of the Republic of Lithuania, will be transferred to the accounts held
with  respective banks or financial brokerage companies; 

- to the shareholders, whose shares in Šiaulių bankas AB  the dividend amount,
after deduction of Personal or Corporate withholding income tax applicable by
the laws of Lithuania, will be transferred to the shareholder's bank account
held with Šiaulių bankas AB if the shareholder has such account opened with the
bank. The shareholders who do not have a bank account with Šiaulių bankas AB
the dividends will be paid out in cash or transferred to the bank account with
other bank specified by the shareholder (applications for transfer of dividends
to the bank account with other bank specified by the shareholder can be
submitted in any outlet of Šiaulių bankas AB). 

 Dividends will be taxed as follows:

- dividends paid to natural persons-residents of the Republic of Lithuania and
natural persons-residents of foreign countries are subject to withholding
Personal income tax of 20 per cent; 

- dividends paid to legal entities of the Republic of Lithuania and legal
entities-residents of foreign countries are subject to withholding Corporate
income tax of 15 per cent, unless otherwise provided for by the laws. 



Chief Executive Officer Audrius Žiugžda


         Jolanta Dobiliauskienė, Director of the Securities Accounting Unit,
provides additional information and is available on tel.: +370 41 595669.