Siauliu Bankas AB - Notification on material event

A Letter of Intent was signed regarding negotiations with the temporal administrator of Ūkio bankas AB

Šiauliai, Lithuania, 2013-02-13 16:19 CET (GLOBE NEWSWIRE) -- 

On February 13, 2013 a letter of intent was signed with the Ūkio bankas AB,
represented by the temporal administrator assigned by the Bank of Lithuania.
Referring to and following the Article 761 of the Law on Banks of the Republic
of Lithuania the assets, rights, transactions and liabilities of the bank to
which the moratorium is declared can be transferred to another bank, it has
been agreed by the above mentioned Letter to start negotiations regarding the
likely transfer of the assets and liabilities of Ūkio bankas AB to Šiaulių
bankas AB. 

 Chief Executive Officer   Audrius Žiugžda


         Chief Executive Officer Audrius Žiugžda shall provide the additional
information and is available on tel. +370 5 263 6157