Siauliu Bankas AB - Notification on material event

The agreement on transfer of Ūkio bankas AB assets, rights, transactions and liabilities was signed

Šiauliai, Lithuania, 2013-02-23 20:46 CET (GLOBE NEWSWIRE) -- 

         On February 23, 2013 Šiaulių bankas AB, the temporary administrator of
Ūkio bankas and the State undertaking „Deposit and Investment Insurance“ signed
the agreement on transfer of the share of Ūkio bankas AB assets, rights,
transactions and liabilities. According to the present agreement Šiaulių bankas
shall take over the liabilities to the clients in the amount of LTL 2.7
billion. The total value of the transferable assets and the amount payable by
the State undertaking „Deposit and Investment Insurance“ comprises LTL 2.7
billion as well. 

Chief Executive Officer Audrius Žiugžda


         Chief Executive Officer Audrius Žiugžda shall provide the additional
information and is available on tel. +370 5 263 6157.