Siauliu Bankas - Notification on material event

All permissions have been received for acquisition of Finasta bank and brokerage

Šiauliai, Lithuania, 2015-07-14 07:44 CEST (GLOBE NEWSWIRE) -- 

AB Šiaulių Bankas, company code 112025254, registered address Tilžės g. 149,
Šiauliai. 

Šiaulių Bankas on 13 July 2015 received the last regulatory approval needed for
the planned acquisition of 100 percent of the shares and voting rights of both
AB Bankas Finasta and the financial brokerage firm AB FMĮ Finasta. 

Details of all received approvals:

       -the Bank of Lithuania on 13 July 2015 adopted the decision not to
object to the acquisition by Šiaulių Bankas of 100 percent of the shares and
voting rights of AB FMĮ Finasta; 

       -the European Central Bank on 10 July 2015 adopted the decision not to
object to the acquisition by Šiaulių Bankas of AB Bankas Finasta; 

       -Šiaulių Bankas on 1 July 2015 received the Lithuanian Competition
Council's authorisation for concentration by acquisition of 100 percent of the
shares of AB Bankas Finasta and 100 percent of the shares of AB FMĮ Finasta; 

        -Šiaulių Bankas on 7 May 2015 received confirmation from the Lithuanian
government's “Commission for the Assessment of the Compliance of Potential
Participants with National Security Interests” that it does not object to this
transaction. 

 Actions to complete the transaction will take place as planned at the end of
this week. AB Invalda INVL will sign the new issue of Šiaulių Bankas shares,
the amount that Šiaulių Bankas is due to pay for Bankas Finasta and FMĮ Finasta
will be credited as payment for the shares, and Šiaulių Bankas will become the
owner of 100 percent of the shares and voting rights of both AB Bankas Finasta
and AB FMĮ Finasta. 

 Chief Executive Officer  Vytautas Sinius


         Additional information about the material event is available from the
Head of the Legal and Administration Division Živilė Skibarkienė, tel. +370 (5)
260 2027.