Siauliu Bankas - Notification on material event

Regarding capital adequacy ratio

Šiauliai, Lithuania, 2015-10-01 08:00 CEST (GLOBE NEWSWIRE) -- 

         Following the Regulation (EU) No. 575/2013 and general provisions of
the Supervisory Review and Evaluation Process approved by the Board of the Bank
of Lithuania stating that additional capital requirement can be imposed to any
bank, starting 1 October 2015 a minimum common equity Tier I capital adequacy
ratio of 9 per cent and a common capital adequacy ratio of 12.5 per cent,
including capital conservation buffer and additional capital requirement, shall
apply to Šiaulių Bankas AB. 

         Capital strengthening measures recently implemented by Šiaulių Bankas
including the registration of increased authorized capital on 14 September
2015, ensure the due compliance with the capital adequacy ratios. In order to
form even bigger reserve, the profit for 1H 2015 reviewed by the independent
auditor PricewaterhouseCoopers UAB was included in equity after receiving the
permit from the Supervisory Service of the Bank of Lithuania. The impact of the
above mentioned measures will be disclosed in the interim information for 9
months published by Šiaulių Bankas. 

         Chief Executive Officer      Vytautas Sinius


         Head of Finance and Risk Management Division Donatas Savickas shall
provide additional information on the stock event and is available on tel. +370
41 595 602.