Siauliu Bankas - Notification on material event

Convocation of the Extraordinary General Meeting of Shareholders

Šiauliai, Lithuania, 2015-05-29 15:05 CEST (GLOBE NEWSWIRE) -- 

The Extraordinary General Meeting of Shareholders of Šiaulių bankas AB (address
of the head office Tilžės str. 149, Šiauliai, Lithuania; company's code
112025254) shall be convened on 22 June 2015. 

Place of the Meeting - the assembly hall of J. Janonio gymnasium on Tilžės str.
137, Šiauliai. 

Meeting starts at 3:00 p.m. (registration starts at 2:00 p.m.).

The Meeting's accounting day - 15 June 2015 (the persons who are shareholders
of the Bank at the end of accounting day of the General Meeting of Shareholders
or persons authorized by them, or the persons with whom shareholders concluded
the agreements on the disposal of voting right, shall have the right to attend
and vote at the General Meeting of Shareholders). 

The day of accounting of rights - 8 July 2015 (the shareholders shall use the
property rights arising from the resolutions passed during the General Meeting
of Shareholders in proportion to the number of shares owned at the end of  the
day of accounting of rights). 

The Meeting is initiated and convened by the Management Board of Šiaulių Bankas
AB. 

Agenda of the Meeting.

  1. Regarding the amendments of the Bank Charter, not related to the authorized
     capital increase.
  2. Regarding the Bank's authorized capital increase by additional
     contributions.
  3. Regarding withdrawal of the shareholders' right of pre-emption to acquire
     new shares.
  4. Regarding the amendment of the Bank Charter, related to the authorized
     capital increase.
  5. Regarding consent to draw up the terms of reorganisation and delegation to
     draw up the terms of reorganisation.

Bank shall not provide the possibility to participate and vote in the Meeting
through the electronic communication channels. 

The draft resolutions on each agenda issue, documents to be submitted to the
General Meeting of Shareholders and other information related with the
exercising of the shareholders' rights shall be available on the website of the
Bank www.sb.lton menu section “About Bank › To Bank's Investors › General
Meetings of Shareholders” not later than 21 days before the Meeting.  This
information shall also be available for the shareholders at the head office of
the Bank (on Tilžės street 149, Šiauliai) in the room No. 201 from 7:30 am.
till 4:30 pm. Telephone for enquiry +370 41 595 653. 

The shareholders holding shares that grant at least 1/20 of all votes, shall
have the right of proposing to supplement the agenda of the Meeting by
providing the Meeting draft resolution on each additionally proposed issue or
in case no resolution is required - the explanation.  The proposals to
supplement the agenda shall be submitted in writing or by e-mail. 

The proposals shall be presented in writing to the Secretariat on business days
or by sending them by registered mail at the following address: Šiaulių Bankas
AB, Tilžės str. 149, LT-76348 Šiauliai. 

The proposals submitted via the e-mail shall be sent to info@sb.lt.

The proposals to supplement the agenda with the additional issues shall be
submitted till the 8 June 2015, 3:00 pm. In case the agenda of the Meeting is
supplemented the Bank will report on it no later than 10 days before the
Meeting in the same ways as on convocation of the Meeting. 

The shareholders holding shares that grant at least 1/20 of all votes shall
have the right of proposing new draft resolutions on the issues already
included or to be included in the agenda of the Meeting. The proposals shall be
submitted in writing or by e-mail. 

The proposals shall be presented in writing to the Secretariat (on business
days) or by sending it by registered mail at the address Šiaulių Bankas AB,
Tilžės street 149, LT-76348 Šiauliai till 22 June 2015, 12:00 at noon. The
proposals submitted in writing will be discussed during the Meeting in case
they are received in the Bank till the Meeting date (22 June 2015) 12:00 at
noon. During the Meeting the proposals shall be submitted to the Chairman of
the Meeting after he announces the Meeting agenda and no later than the Meeting
starts working on the issues of agenda. 

The proposals submitted via the e-mail shall be sent on info@sb.lt. The
proposals submitted on this e-mail till the 22 June, 2015, 12:00 at noon will
be discussed during the Meeting. 

The shareholders shall have the right to present questions related to the
General Meeting of Shareholders' agenda issues to the Bank in advance.  The
shareholders shall present the questions not later than 3 business days before
the Meeting via the e-mail info@sb.lt.  The Bank undertakes to respond to the
submitted questions via the e-mail till the Meeting day, except the questions
related to the Bank's commercial secret and confidential information. 

During the registration to attend the Meeting the shareholders or the persons
authorized by them shall submit a document which is a proof of his/her
identity. The shareholders' authorized persons shall submit the power of
attorney confirmed by the established order. The power of attorney issued by
the natural person shall be notarized. A power of attorney issued in a foreign
country must be translated into Lithuanian and legalized in the manner
prescribed by law. Representative can be authorized by more than one
shareholder and shall have a right to vote differently under the orders of each
shareholder. 

The shareholder holding shares in the Bank, where the shares have been acquired
on his own behalf, but for the benefit of other persons, must disclose before
voting at the General Meeting of Shareholders to the Bank the identity of the
final customer, the number of shares that are put to the vote and the content
of the voting instructions submitted to him or any other explanation regarding
the participation agreed upon with the customer and voting at the General
Meeting of Shareholders. 

Shareholder shall also have the right to authorize through electronic
communication channels another person (natural or legal) to participate and
vote in the Meeting on shareholder's behalf. Such authorization shall not be
confirmed by the notary officer. The power of attorney issued through
electronic communication channels must be confirmed by the shareholder with a
safe electronic signature developed by safe signature equipment and approved by
a qualified certificate effective in the Republic of Lithuania. The shareholder
shall inform the Bank on the power of attorney issued through electronic
communication channels by e-mail info@sb.lt no later than the last business day
before the Meeting at 4:30 p.m. The power of attorney and notification shall be
issued in writing. The power of attorney and notification to the Bank shall be
signed with the Electronic Signature but not the letters sent via the e-mail.
By submitting the notification to the Bank the shareholder shall include the
Internet address from which it would be possible to download free of charge
software to verify an Electronic Signature of the shareholder. 

Each shareholder or representative thereof shall have the right to cast his
vote in advance in writing by filling in a general ballot paper, form of which
will be available on Bank's website. Upon the written shareholder‘s request,
the Bank no later than 10 days before the Meeting shall send a general ballot
paper by registered mail or hand it in person against signature. The general
ballot paper filled shall be signed by the shareholder or his representative.
In case the ballot paper is signed by the shareholder's authorized
representative, such person along with the filled ballot paper shall submit the
document to confirm the voting right.  The ballot paper filled and the document
confirming the voting right (if required) shall be submitted to the Bank by
registered mail at Šiaulių bankas AB, Tilžės str. 149, LT-76348, Šiauliai or by
submitting it to Secretariat.  Only dully filled-in ballot papers received
until the beginning of the Meeting will be deemed to be valid. 

The following information and documents during the whole period, starting no
later than 21 days before the Meeting, is available on the website of the Bank
www.sb.lt on menu item “About Bank › To Bank‘s Investors › General Meetings of
Shareholders”: 

- the report on convening the Meeting;

- the total number of the Bank's shares and the number of shares with voting
right on the convening day of the Meeting; 

- the draft resolutions on each agenda issue and other documents to be
submitted to the Meeting; 

- the general ballot paper form;

- the form of the power of attorney to represent the shareholder.



Chief Executive Officer        Vytautas Sinius


         Director of the Treasury Department Pranas Gedgaudas provides
additional information on the stock event and is available on tel. +370 41 595
653.