Siauliu Bankas AB - Notification on material event

Decisions of the Extraordinary General Meeting of Shareholders

During the Extraordinary General Meeting of Shareholders held on 18 November    
2010, the following decisions on agenda issues were made.                       

I. Regarding the increase of the authorized capital of the Bank by additional 
contributions.                                                                  
1. In order to provide a possibility for the shareholders, who haven't acquired
the shares of the last Bank's share issue, to restore  the decreased share of 
authorized capital and voting rights owned by them, to increase the authorized  
capital of the Bank in the amount of LTL 30 million by additional contributions.
2. For the increase of authorized capital to issue 30 million ordinary
registered shares, LTL 1 nominal value each, and to distribute the shares with
the issue price of LTL 1.04 per share. 
3. To assign the Bank Board: 
a) to set the order of new share issue distribution and payment, to provide it
in the share prospectus, after the approval of prospectus by the Securities 
Commission to announce prospectus publicly;                                     
b) to set the beginning of the shares distribution and to announce it publicly
not later than before 5 business days.   
II. Regarding the amendments of the Bank Charter. 
1. To approve the new version of the Bank Charter (enclosed). 
2. To authorize the Chairman of the Bank Board Algirdas Butkus to sign the
amended Charter and to provide the Charter for registration in the Register of
Legal Entities till the distribution of new share issue. 
3. If all the shares are distributed within the time period assigned for the 
distribution of the share issue, item 3.5 of the Charter shall be amended and   
established as follows:                                                         
“3.5. The authorized capital of the Bank shall be equal to the total amount of  
par values of all registered shares of the Bank. The authorized capital of the  
Bank shall be equal to LTL 234,857,533 (two hundred thirty four million eight   
hundred and fifty seven thousand five hundred and thirty three litas). It shall 
be divided into 234,857,533 (two hundred thirty four million eight hundred and  
fifty seven thousand five hundred and thirty three) ordinary registered shares. 
The par value of one share shall be LTL 1 (one).”                               
4. In case not all the shares of new issue are distributed within the set
period, the authorized capital is considered as increased in the amount of
nominal value of the signed shares and to assign the Board to amend to the
Section 3.5. of the 
Charter accordingly.                                                            
5. To authorize the Chairman of the Bank Board Algirdas Butkus to sign the
Charter amended after the distribution of the new share issue and provide it
for registration in the Register of Legal Entities. 

Director of the Treasury Department Pranas Gedgaudas, tel.: +370 41 595653

Priedai:

charter_sb_20101118_(eng).pdf