Bankas Snoras AB - Notification on material event

Regarding draft resolutions of the General Meeting of shareholders

Bankas SNORAS AB will convene the General Meeting of Shareholders (hereinafter
- the Meeting) in the conference hall of the Hotel Crown Plaza located at
Čiurlionio str. 84, Vilnius, on 18 March 2008 at 2 p.m. following the
resolution of the Management Board of the Bank. 
The shareholders of the Bank will be asked to approve the following draft
resolutions: 

1. The Bank's annual Report on the activity of 2007 is debriefed. The decision
on this issue is not taken. 
2. To approve the Bank's Financial Statements of 2007.
3. To approve the amount designated for the payment of the members of the
supervisory Board for their work in 2007. 
4. To approve the appropriation of the profit of the Bank as proposed:
To the reserve fund - 2,467 thousand litas;
To the reserve capital - 4,837 thousand litas;
To the dividends - 30,003 thousand litas;
5. To select “Ernst & Young Baltic” UAB to perform audit of the financial
reports 
of the Bank and the bank group companies in 2008. 
6. To approve the amendments of the Articles of Association of the Bank
considering the amendments in the laws of Rep. Of Lithuania. To authorize the
President of the Bank to sign the amended Articles of the Association of the
Bank. 

The texts of the draft resolutions and addendums are available for the
shareholders at the Finance Brokerage Department of the Bank SNORAS, on
A.Vivulskio str. 7, Vilnius. Tel.:  (8-5) 2327212 

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