Bankas Snoras AB - Notification on material event

Notification about the third stage of AB bankas SNORAS share issue offering

We inform that AB bank SNORAS shareholders exercised their right of pre-emption
in the second stage of the common share issue offering and signed and paid for
357 335 shares. 5 854 393 shares remained unsigned and are available for
acquisition in stage III. Persons who had entered into share subscription
agreement, however did not pay for the subscribed shares in due time, are not
entitled to take part in the third stage of the subscription procedure. 
During stage III shares will be offered under the following procedure:
1. Shares will be offered to all investors applying for the purchase of AB
bankas SNORAS shares remaining after Stage II in proportion to the number of
shares specified in their application. 
2. Applications will be accepted on 28 June 2010 from 8 a.m. until 3 p.m. at
the head office or any branch of AB bankas SNORAS. Investors or their
authorized representatives must apply in person, i.e. applications submitted by
fax, mail etc. will not be accepted. 
3. Subscribed shares shall be paid for within three calendar days since the
signing of the application. 
4. Distribution of shares against the submitted applications will take place on
2 July 2010. 
5. Signing of agreements.
The prospectus for the issue is available in the head office or any branch of
AB bankas SNORAS as well as on the site: http://www.snoras.lt 

Vladimir Streckij
Director of Finance Brokerage Department
Tel. +370 5 232 7212