Siauliu Bankas - Notification on material event

DIVIDEND PAYMENT PROCEDURE

Šiauliai, Lithuania, 2016-04-19 08:34 CEST (GLOBE NEWSWIRE) -- Šiaulių bankas
AB, company code 112025254, domicile address Tilžės st. 149, LT-76348 Šiauliai. 

The General meeting of shareholders held on 30 March 2016 approved allocation
of profit of Šiaulių Bankas AB which included a payment of dividends, i.e.
0.002 euro would be paid for each ordinary registered share with a nominal
value of 0.29 euro. Dividends shall be distributed to persons who were the
shareholders of Šiaulių Bankas AB at the end of the day of accounting of rights
(13 April 2016). 

The Bank shall distribute dividends from 28 April 2016 in compliance with the
following procedure: 

- those shareholders whose shares are being accounted in the securities
accounts with banks and financial brokerage companies rendering investment
services   will receive an amount of dividends after deduction of Personal
Income Tax or Corporate Profit Tax in compliance with the laws of the Republic
of Lithuania which shall be transferred to the accounts with the respective
banks or financial brokerage companies; 

- those shareholders whose shares are being accounted with Šiaulių Bankas AB
will receive an amount of dividends after deduction of Personal Income Tax or
Corporate Profit Tax in compliance with the laws of the Republic of Lithuania
which shall be transferred to the bank account with Šiaulių Bankas AB, if a
shareholder has an account with the bank. Those shareholders who do not have a
bank account with Šiaulių Bankas AB shall receive dividends in cash or to a
bank account with another bank specified by the shareholder (applications
regarding transfer of dividends to a bank account with another bank specified
by a shareholder may be submitted in any customer service point of Šiaulių
Bankas AB). 


Taxation of dividends:

- Dividends of natural persons residents of the Republic of Lithuania and
foreign countries shall be subject to 15 per cent of the Personal Income Tax
rate; 

- Dividends of legal entities residents of the Republic of Lithuania and
foreign countries shall be subject to 15 per cent of the Corporate Profit Tax
rate, unless otherwise provided for in the laws. 



   Chief Executive Officer    Vytautas Sinius




         Additional information shall be provided by Deputy Director of
Securities Accounting Unit Jolanta Dobiliauskienė, tel. +370 41 595 669