Siauliu Bankas - Notification on material event

Consent for reorganization has been received from the Board of the Bank of Lithuania

Šiauliai, Lithuania, 2015-08-18 15:00 CEST (GLOBE NEWSWIRE) -- 

On 18 August 2015 Šiaulių Bankas has received a notification from the Bank of
Lithuania stating that the Board of the Bank of Lithuania passed a resolution
to agree with reorganization of the bank Finasta AB merging it with Šiaulių
Bankas AB by acquisition. 

Reorganization of the bank Finasta AB and financial brokerage firm Finasta AB
merging these companies with Šiaulių Bankas by acquisition can be closed only
upon receiving permission from the supervisory authorities.  Therefore, after
receiving consent from the Bank of Lithuania, Šiaulių Bankas and the companies
subject to reorganizing, i.e. the bank Finasta AB and financial brokerage firm
Finasta AB will apply the Bank of Lithuania as required by the laws asking to
grant permission for reorganization. 

Deputy Chief Executive Officer             Algirdas Butkus


         Advocate Ramūnas Dešukas shall provide additional information on the
stock event and is available on tel. +370 614 98 802.