Siauliu Bankas AB - Notification on material event

It has been decided to start an offering of a new share issue

and a proposal has been made to acquire shares by exercising the right of
pre-emption 

Šiauliai, Lietuva, 2011-04-27 17:25 CEST (GLOBE NEWSWIRE) -- 

 It has been decided to start an offering of a new share issue and a proposal
has been made to acquire shares by exercising the right of pre-emption 

 By the decision of the Board of the Bank the offering of the new share issue
of 30 million is to be launched on 9 May 2011. The offering of the new share
issue is launched on the basis of the decision of the General Meeting of
Shareholders held on 18 November 2010 for the purpose of increasing the
authorized capital by making additional contributions. 

 It is proposed to shareholders to acquire shares of the Bank by exercising the
right of pre-emption from 9 May 2011 to 27 May 2011. 

 The Share Issue Prospectus is available for review at the Bank's Head Office,
at the address Tilžės St. 149, Šiauliai and in all regional outlets of the Bank
as well as on the Bank's website
http://www.sb.lt/en/investors/prospectus_and_reports. 

 The offering of the shares will take place in the Bank's Head Office at the
address Tilžės St. 149, Šiauliai and in all regional outlets of the Bank. The
addresses of places where the offering is to take place are listed in the Share
Issue Prospectus and detailed information is available by calling the following
telephone numbers: +370 841 595653, 595669, 595652, 500704, 595608, 500709,
595654. 

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

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

  -- the beginning of the stage: 9 May 2011;
  -- the period for the subscription of the shares: 15 business days (until 27
     May 2011);
  -- the shares shall be offered only to persons who have held the shares of the
     Bank by the right of ownership since 2 December 2010 (the rights accounting
     day);
  -- the number of shares that a shareholder is allowed to acquire is calculated
     using the following formula:

          P=k*N (where k - ratio 0.14644324; N - number of shares held by the
shareholder at the end of 2 December 2010); 

  -- the period for the payment for shares: by 31 May 2011.

 The Bank will publish an information notice on the number of shares that were
not taken up on issue in the first stage and the procedure for offering of the
shares in the second stage in the Central Storage Facility and on the Bank's
website www.sb.lt. 

 Stage II. Offering of the shares to shareholders by applications.

  -- the beginning of the stage: 2 June 2011;
  -- the duration of the stage: 12 business days (until 17 June 2011);
  -- the shares shall be offered by applications only to persons who have held
     the shares of the Bank by the right of ownership since 2 December 2010. One
     shareholder can submit one application only; the application may specify
     the number of demanded shares without exceeding the total number of shares
     that were not taken up on issue in the first stage;
  -- if the total number of demanded shares specified in all applications does
     not exceed the total number of shares that were not taken up on issue in
     the first stage, each applicant will receive the demanded number of shares,
     whereas if the total number of demanded shares exceeds the total number of
     shares that were not taken up on issue in the first stage, the proportional
     allocation will be made;
  -- the stage shall include the following actions:
     1. from 2 June 2011 to 8 June 2011: reception of applications;
     2. 9 June 2011: distribution of shares to persons having submitted
        applications;
     3. from 10 June 2011 to 16 June 2011: subscription of and payment for the
        distributed shares;
     4. 17 June 2011: additional day for payment for the shares.

If after the second stage there are no shares that were not taken up on issue,
the offering of the shares shall be considered completed. If a number of shares
that were not taken up on issue remains, the Board of the Bank may organize the
third stage of offering. 

 Stage III. Offering of the shares to all potential investors by applications.

  -- the beginning of the stage: 20 June 2011;
  -- the duration of the stage: 10 business days (until 4 July 2011);
  -- in order to prevent the risk that the demanded shares are not paid for, the
     right to submit applications shall be granted to those potential investors
     who transfer a guarantee deposit to ensure the payment for the demanded
     shares. An investor may submit an application for acquisition of such a
     number of shares, the necessary amount for payment of which does not exceed
     the amount of the guarantee deposit transferred by the investor. The Bank
     will inform about the procedure for the transfer of guarantee deposits in
     the notice on the third stage.
  -- if the total number of demanded shares specified in all applications does
     not exceed the total number of shares that were not taken up on issue in
     the second stage, each applicant will receive the demanded number of
     shares, whereas if the total number of demanded shares exceeds the total
     number of shares that were not taken up on issue in the second stage, the
     proportional allocation will be made;
  -- the stage shall include the following actions:
     1. from 20 June 2011 to 27 June 2011: reception of applications from
        potential investors who have paid the guarantee deposits;
     2. 28 June 2011: distribution of shares to persons having submitted
        applications;
     3. from 29 June 2011 to 4 July 2011: subscription of and payment for the
        distributed shares.

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





 Audrius Žiugžda  Chief Executive Officer






         Director of the Treasury Department Pranas Gedgaudas is authorized by
the issuer to provide additional information on the material event, phone: +370
41 595653.