Ukio Bankas AB - Notification on material event

Convocation of an ordinary general meeting of AB Ukio bankas shareholders

By the initiative and decision of the Bank's Board, an ordinary general meeting
of AB Ukio bankas (registered at Maironio str. 25, LT-44250 Kaunas, company
number 112020136) shareholders is being convoked at the Grand Hall of Vytautas
Magnus University at Daukanto str. 28, Kaunas on 26 March 2010 at 11 am.
Shareholders' registration starts at 10 am. 

Only the persons who were shareholders of the bank at the end of the general
shareholders' meeting accounting day shall have the right to attend and vote at
the general shareholders' meeting. The meeting accounting day is 20 March 2010. 

Property rights shall be held by the persons who were AB Ukio bankas
shareholders at the end of the tenth working day after the general
shareholders' meeting having adopted the respective decision. The rights
accounting day is 12 April 2010. 

The agenda of the ordinary general shareholders' meeting:  

1.	AB Ukio bankas annual report on results of operation in 2009;
2.	the findings of AB Ukio bankas international audit;
3.	the approval of AB Ukio bankas financial statements for 2009;
4.	the approval of AB Ukio bankas profit (loss) allocation for 2009;
5.	the selection of an audit company and the determination of the terms of
payment for audit services; 
6.	an amendment of AB Ukio bankas  Articles of Association;
7.	the disposing, management and use of AB Ukio bankas assets;
8.	the election of AB Ukio bankas Supervisory Council members.

The general shareholders' meeting is convened on the initiative and by the
resolution of the Board of the Bank. 

The Bank shall not provide the possibility to attend and vote in the general
shareholders' meeting through electronic communication channels. 

Each shareholder holding shares that grant at least 1/20 of all votes shall
have the right of proposing to supplement the agenda of the general
shareholders' meeting. Draft decisions on the proposed issues shall be
submitted together with the proposal or, if the decisions are not needed to be
approved, explanations on each proposed issue of the general shareholders'
meeting shall be presented. Proposal to supplement the agenda must be presented
in writing sending it by a registered mail at the above-specified head-office
address of the Bank. The agenda shall be supplemented if the proposal will be
received not later than 14 days before the general shareholders' meeting. 

Each shareholder holding shares that grant at least 1/20 of all votes shall
have the right of proposing draft resolutions on the issues already included or
to be included in the agenda of the general shareholders' meeting, to nominate
additional candidates for members of the Bank's managerial body, the audit
company. The proposed draft decisions must be presented in writing sending them
by a registered mail at the above-specified head-office address of the Bank. 
The shareholders shall also be entitled to propose draft resolutions on the
general shareholders' meeting agenda issues in writing during the meeting. 

The shareholders shall have the right to present questions related to the
general shareholders' meeting agenda issues to the Bank in advance in writing,
by stating the shareholder's personal ID number in the letter and sending by a
registered mail. The Bank undertakes to respond if the questions are received
not later 3 working days before the general shareholders' meeting. Responses of
a general character shall be posted on www.ub.lt under the heading “For
investors”. The Bank will not respond personally to the shareholder if the
respective information is posted on the Bank's website. 

A shareholder or a person authorised by him attending the general shareholders'
meeting and entitled to vote shall submit an identity document. 

Each shareholder shall also have the right to authorise another person (natural
or legal), in the manner prescribed by law, to attend and vote at the general
shareholders' meeting on his behalf. At the meeting the authorised person shall
enjoy the same rights as the shareholder represented by him would have unless
the authorized person's rights are limited by the power of attorney or by the
laws. The authorised person must produce a power of attorney certified in the
manner prescribed by law. A power of attorney issued in a foreign state must be
translated into Lithuanian and legalised in the manner prescribed by law. 

A shareholder or a person authorised by him shall have the right to vote in
writing in advance by filling in the general ballot paper. On shareholder's
request, the Bank shall, not later than 10 days before the meeting, send the
general ballot paper by registered mail free of charge. The filled in general
ballot paper and the document confirming the voting right (if any) must be
submitted to the Bank in writing not later than on the last working day before
the general shareholders' meeting sending it by registered mail at the
above-specified head-office address of the Bank. 

The documents related to the convening and the agenda of general shareholders'
meeting, draft decisions on each agenda item, documents that must be submitted
to the meeting, the form of the general ballot paper and other information
related to the implementation of the shareholder rights will be available for
the shareholders during working hours at AB Ukio bankas head-office in Maironio
str. 25, Kaunas and on the Bank's website www.ub.lt. 

Gintaras Ugianskis,
Chairman of the Board 
(8-37) 301 301