Siauliu Bankas AB - Notification on material event

Amended Charter with increased authorized capital has been registered

Šiauliai, Lithuania, 2011-08-05 09:06 CEST (GLOBE NEWSWIRE) -- 

On 4 August 2011 the amended Charter of Šiaulių bankas AB with the increased up
to LTL 234,857,533 (EUR 68,019,443) authorized capital was registeredin the
Register of Legal Entities. The authorized capital of the bank was increased by
the resolution of the Extraordinary General Shareholders Meeting held on 18
November 2010. The issue of 30 million ordinary registered shares of LTL 1
nominal value each with LTL 1.04 issue price was issued for the capital
increase. Share issue was issued seeking to provide the possibility for the
bank's shareholders for whom the general meeting of the shareholders held on 18
May 2010 (during the previous increase of the authorised capital) cancelled the
priority right to acquire shares issued at that time. With the issue of the new
share issue it was aimed to restore the reduced amount of the authorised
capital held by them. Also, new share issue will strengthen the capital base of
the bank and increase the volume of its banking services. 

In the nearest time the records on Šiaulių bankas' general issue account in
Central Securities Depository of Lithuania will be made, joining the new issue
of shares with the ordinary registered shares issue of LTL 1 nominal value of
Šiaulių bankas (Securities ISIN code LT0000102253), and the shares will be
recorded to the personal securities accounts of shareholders, who had signed
and paid for new shares. This moment will be also deemed as the enrollment of
newly issued shares into trading in the regulated market.. 

Chief Executive Officer Audrius Žiugžda




         Director of the Treasury Department Pranas Gedgaudas is authorized by
the issuer to provide additional information on the stock event and is
available on tel.: +370 41 595653.