Siauliu Bankas - Notification on material event

Regarding acquisition of Bank Finasta AB

Šiauliai, Lithuania, 2015-04-15 08:15 CEST (GLOBE NEWSWIRE) -- 

On 09 March 2015 Šiaulių Bankas AB and Invalda LT AB published the reports on
the stock event stating that a Letter of Intent had been signed and according
to it Šiaulių bankas AB would carry out action required to acquire Bank Finasta
AB from Invalda LT AB. 

According to the report published by Invalda LT AB a binding agreement was
intended to be signed by 15 April of the current year.  Currently Šiaulių
Bankas has performed legal and tax due diligence, submitted applications to
supervisory authorities and other institutions regarding issue of relevant
authorizations to conclude a transaction. After successful completion of the
negotiations, signature of the agreement is planned for the nearest future. 

Chief Executive Officer  Vytautas Sinius


         Chief Executive Officer Vytautas Sinius shall provide the additional
information and is available on tel. +370 5 2362 209