Bankas Snoras AB - Notification on material event

Disposal of the block of shares

We inform that on 27 December 2007 the board of Bankas Snoras adopted a
decision to sell the 40 % block of shares of SNORAS development. After the
accomplished transaction Bankas SNORAS will manage 60 % of the company's
authorized capital. 


Vladimir Streckij
Director of Finance Brokerage Department
(+370 5)232 72 12