Siauliu Bankas AB - Notification on material event

CORRECTION: The notification about intention to announce the mandatory offer has been received

On 23 December 2009 Šiaulių bankas AB received the notification from the        
European Bank for Reconstruction and Development, Algirdas Butkus,  Arvydas     
Salda, Gintaras Kateiva, Sigitas Baguckas, Vigintas Butkus, Vytautas Junevičius 
and Kastytis Jonas Vyšniauskas regarding their intention to announce a mandatory
offer to buy up the  remaining 108.077.837 of the bank's ordinary registered    
shares bearing a voting right at the nominal value LTL 1 (one) each, which shall
grant 59.92 percent of the voting rights in the shareholders' meeting of Šiaulių
bankas AB. (The notification attached).

Deputy Chief Executive Officer
Donatas Savickas
tel.: +370 41 595602

Attachments:

pranesimas_apie_os_20091223_(en).pdf