DnB NORD Bankas AB - Notification on material event

Amendments to the by-laws registered

On 25 February 2010 the amended Bylaws of AB DnB NORD Bankas, company code
112029270, VAT payer code LT120292716, registered office at J. Basanavičiaus
St. 26, Vilnius, the data is collected and stored at the Register of Legal
Entities, (hereinafter - the “Bank”) were registered with the Register of Legal
Entities. The amended Bylaws of the Bank provide that Supervisory council of
the Bank shall be comprised of seven members. 

The amended wording of Article 7.1 of Chapter VII of the Bylaws of AB DnB NORD
Bankas is as follows: 

“7.1. The Supervisory Council of the Bank shall be a collegial supervisory body
supervising the operation of the Bank. The Chairman of the Supervisory Council
shall be in charge of the Supervisory Council. The General Meeting shall elect
7 Members of the Supervisory Council. At such election, every shareholder shall
have the number of votes equal to the number of the votes granted by his/her
shares multiplied by the number of the Supervisory Council Members to be
elected. These votes shall be cast, at the shareholders' sole discretion, for
one or for several candidates. The candidates who receive the greatest number
of votes shall be elected. Should the number of the candidates who have
received an equal number of votes be greater than the number of the vacancies
on the Supervisory Council, a repeat voting shall be held, and in such voting
each shareholder shall vote only for one of the candidates who have received
the equal number of votes. The Supervisory Council shall be elected for the
period of four years.” 

The Bylaws of the Bank were amended in line with the resolution of the sole
shareholder  Bank DnB NORD A/S as of 17 February 2010. 

Andrius Vilkancas
press officer
tel. +370 5 239 3413