Ukio Bankas AB - Notification on material event

The share issue price and the start of offering have been set

The share issue price has been set and decision to start an offering was taken,
a proposal has been made to acquire shares of the new issue under the right of
pre-emption. 

AB Ukio bankas, with register code 112020136, address: 25 Maironio str.,
LT-44250 Kaunas. 

By the decision of the Board of the Bank the offering of the new share issue of
50 million shares is to be launched on 18 July 2011. The offering of the new
share issue is launched on the basis of the decision of AB Ukio bankas ordinary
general shareholders' meeting held on 25 March 2011 for the purpose of
increasing the authorized capital by making additional contributions. 

Price set by the Board of the Bank is 1 (one) litas for one share.

Shareholders who held the shares of the Bank by the right of ownership on 8
April 2011 (rights accounting day) are proposed to acquire shares of the Bank
by exercising the right of pre-emption from 18 July 2011 to 1 August 2011. 

The Share Issue Prospectus and documents incorporated by reference herein are
available for review in AB Ukio bankas Secretariat at Maironio str. 25,
LT-44250, Kaunas, at 8.00 - 12.00, 13.00 - 16.00 on workdays, on Bank's website
www.ub.lt, on Central Storage Facility website www.crib.ltand on NASDAQ OMX
Vilnius Stock Exchange website www.nasdaqomxbaltic.com 

The offering of the shares will take place in the branches and client service
units of the Bank on their working hours. The addresses of places where the
offering is to take place are listed in the Share Issue Prospectus. Information
is available by calling the following telephone numbers: + 370 37 301 332, 395
543, 395 544. 

The stages of offering of the shares shall be as follows:

Stage I. Offering of the shares to shareholders by the pre-emption right.

  -- the beginning of the stage: 18 July 2011;
  -- the period for the subscription of the shares: 15 calendar days (until 1
     August 2011);
  -- the shares shall be offered only to persons who have held the shares of the
     Bank by the right of ownership on 8 April 2011 (the rights accounting day);
  -- the number of shares that a shareholder is allowed to acquire is calculated
     using the following formula: Q=k*N (where k - ratio 0.1690194170; N -
     number of shares held by the shareholder on 8 April 2011);
  -- the period for the payment for shares: within two working days from
     subscribing share subscription agreement (excluding the date of subscribing
     share subscription agreement).

On 5 August 2011 the Bank will publish an information notice on the amount of
shares that were not taken upon issue in the Stage I on NASDAQ OMX Vilnius
Stock Exchange website www.nasdaqomxbaltic.com and on the Bank's website
www.ub.lt 

Stage II. Offering of the shares to all willing investors by applications:

  -- the beginning of the stage: 8 August 2011;
  -- the duration of the stage: 15 calendar days (until 22 August 2011);
  -- The shares shall be offered by applications to all willing investors
     applying for the purchase of Bank's shares remaining after Stage I in
     proportion to the amount of shares specified in their applications. The
     amount of shares specified in application cannot be bigger than total
     amount of shares remaining for Stage II. Investors who subscribed the
     agreements and did not pay for the shares on time in Stage I cannot acquire
     shares in Stage II.
  -- Investors submitting applications for the purchase of Bank's shares must
     ensure their intentions by full payment for the shares. The period for the
     payment for shares: within two working days from subscribing share
     subscription agreement (excluding the date of subscribing share
     subscription agreement). An application for shares is valid only after full
     payment for applied shares to nearest cent. Application is invalid and do
     not participate in the distribution of shares if it is unpaid or not fully
     paid.
  -- If the total number of demanded shares specified in all valid applications
     exceeds the total number of shares that were not taken up on issue in the
     Stage I, the remaining shares will be distributed to investors in
     proportion to the number of shares specified in their applications.
     Calculation of proportions of shares is described in Part III of the Share
     Issue Prospectus;
  -- If the total number of demanded shares specified in all valid applications
     does not exceed the total number of shares that were not taken up on issue
     in Stage I, each applicant will receive the demanded number of shares.
  -- The stage shall include the following actions:

1) from 8 August 2011 until 11 August 2011: receiving applications;

2) until 16 August 2011:  receiving the latest payments for the shares by
submitted applications; 

3) 17 August 2011: shares distribution by submitted applications;

4) from 18 August 2011 until 22 August 2011: subscription of shares
subscription agreements. 

The remaining shares after Stage II will be distributed in Stage III.

Stage III. Offering of the shares to members of the Board of the Bank and
Supervisory Council of the Bank: 

  -- The beginning of the stage: 23 August 2011;
  -- The duration of the stage: 3 calendar days (until 25 August 2011);
  -- The members of the Board of the Bank and Supervisory Council of the Bank
     have the right to acquire the remaining unsubscribed shares after Stage II
     in equal proportions;
  -- If the residue of the shares remaining for Stage III does not divide to
     equal parts to nearest share, the bigger amount of shares will be allowed
     to acquire for one member of the Board of the Bank or Supervisory Council
     of the Bank by mutual agreement.
  -- The stage shall include the following actions:

from 23 August 2011 until 25 August 2011: subscription of share subscription
agreements and payment for shares. 

Share subscription agreements and applications will be subscribed in the
branches and client service units of the Bank personally by the investor or
his/her proxy (a mandate is necessary), i.e. agreements and applications will
not be accepted by fax, e-mail or any other form of delivery. 

In all stages of the offering, the shares are considered paid for as of the
moment when the funds are credited to the accumulation account. 

Chairman - Chief Executive Officer Gintaras Ugianskis, 15 07 2011.


         Marius Arlauskas, Head of Financial Institutions and Fund Raising
Department, +370 37 301 332