Ukio Bankas AB - Notification on material event

The resolutions of AB Ukio bankas ordinary general shareholders' meeting held on 25 March 2011

AB Ukio bankas, with register code 112020136, address: 25 Maironio str.,
LT-44250 Kaunas. 

The ordinary general shareholders' meeting of AB Ukio bankas (registration
address 25 Maironio str. Kaunas LT-44250, company number 112020136)
shareholders convened in Small Hall of Vytautas Magnus University (28 Daukanto
str. Kaunas) at 11 a.m. on 25 March 2011 adopted the following resolutions: 

1. AB Ukio bankas annual report on activities during 2010 was heard (see
appendix No. 1). 

2. To take into consideration AB Ukio bankas auditor's UAB “Deloitte Lietuva”
conclusion while approving AB Ukio bankas financial statements for the year
2010 (see Appendix No. 1). 

3. To approve AB Ukio bankas financial statements for the year 2010 (see
Appendix No. 1) 

4. To approve AB Ukio bankas profit (loss) distribution for the year 2010.

4.1. To approve AB Ukio bankas profit (loss) distribution for the year 2010 as
follows: 

4.1.1. Retained earnings (loss) at the beginning of reporting year LTL 0;

4.1.2. Net profit (loss) for the reporting year LTL -38 014 thousand;

4.1.3. Profit (loss) of current financial year not recognized in income
statement LTL -1826 thousand; 

4.1.4. Transfer from reserves for loss coverage LTL 0;

4.1.5. Shareholders' contributions for loss coverage are LTL 0;

4.1.6. Profit (loss) for distribution at the end of the reporting year - LTL
-39 840 thousand: 

4.1.6.1. Transfer from other results, not used for reporting year - LTL 0;

4.1.6.2. Transfer from legal reserve - LTL 0;

4.1.6.3. Transfer from reserve capital - LTL 39 840 thousand;

4.1.6.4. Transfer from capital reserve - LTL 0;

4.1.7. Profit transfer to legal reserve - LTL 0;

4.1.8. Profit allocated for dividends and other purposes - LTL 0;

4.1.9. Profit for bonuses to Board, Council members and employees and other
purposes - LTL 0; 

4.1.10. Retained profit (loss) to be transferred to the following financial
year - LTL 0; 

4.2. Bonuses to Board and Council members will not be paid.

5. To elect UAB “Deloitte Lietuva” to be AB Ukio bankas auditor and set the
payment terms: 

5.1. Audit of financial statements for the year 2011 - LTL 236 000 plus VAT;

5.2. Audit overheads - LTL 16 960 plus VAT.

6. To increase of AB Ukio bankas authorized capital from additional
contributions: 

6.1. To increase AB Ukio bankas authorized capital by supplementary
contributions up to LTL 345,824,000 (three hundred forty five million eight
hundred and twenty four thousand litas) by a new LTL 50,000,000 (fifty million)
issue of 50,000,000 ordinary registered shares of 1 (one) litas. 

6.2. Set the minimum value of the shares of the new issue 1 (one) litas for one
share. 

6.3. The beginning of the offering of the shares of the new issue is the first
business day following the day when the announcement is made at Central Storage
Facility website www.crib.lt, NASDAQ OMX Vilnius Stock Exchange website
www.nasdaqomxbaltic.com, at AB Ukio Bankas website www.ub.lt and official
notice is made by the registrar of legal persons for the shareholders to obtain
shares of the new issue under the right of pre-emption. 

6.4. Set the term of 15 days from placing the offer for AB Ukio bankas
shareholders to obtain AB Ukio bankas shares of the new issue in proportion to
the number of shares held at the end of shareholders' rights accounting day
(i.e. tenth working day after the general shareholders' meeting). 

6.5. Delegate AB Ukio bankas Board to approve the procedure of share offering
and payment and to set the price of the shares of the new issue. 

6.6. After the entire LTL 50,000,000 (fifty million) issue is distributed,
amend AB Ukio bankas articles of association III (3) as follows: “The Bank's
authorized capital of LTL 345,824,000 (three hundred forty five million eight
hundred and twenty four thousand) is divided into 345,824,000 (three hundred
forty five million eight hundred and twenty four thousand) ordinary registered
shares. The par value of one share is 1 (one) litas and incorporate into the
current edition of AB Ukio bankas articles of association. 

6.7. Upon distributing not all the shares during the period set for share
distribution, regard the capital being increased by the sum of par values of
actually sold shares and delegate AB Ukio bankas Board to make respective
amendments in AB Ukio bankas articles of association III (3). 

6.8. Authorize Chief Executive Officer to sign the new edition of the Bank's
articles of association. 

6.9. Delegate AB Ukio bankas Board to register the issue of 50,000,000 (fifty
million) ordinary registered shares of the par value of 1 (one) litas and
respective amendments of AB Ukio bankas articles of association as provided by
the law. 

7. Approve the new edition of AB Ukio bankas articles of association (see
Appendix No. 2). Authorize Chief Executive Officer to sign the new edition of
AB Ukio bankas articles of association. 

8. Assign, lease or pledge as well as stand surety and guarantor for
obligations of other entities with AB Ukio bankas fixed assets and currently
held and, pursuant to this resolution, obtained securities, rights and
subsequently acquired movable and immovable property of other issuers. Delegate
AB Ukio bankas Board to make decisions in each specific case on the basis to
this resolution of the general meeting on property assignment, lease or
security of obligations, as well as standing surety or guarantor with this
property. 

Gintaras Ugianskis, Chairman-Chief Executive Officer, 25 03 2011.


         Odeta Bankauskienė, Deputy Head of Legal Department, +370 37 301 352

Attachments:

Appendix_No._1_UB_IFRS_2010.pdf

Appendix_No._2_Istatai_ENG.pdf

Confirmation of responsible persons.pdf