Siauliu Bankas AB - Notification on material event

Resolutions of the Ordinary General Meeting of Shareholders

The following events took place during the Annual General Meeting of the        
Shareholders held on 29 March 2010:                                             
-the consolidated Annual Report was introduced (included into attached auditor's
report);                                                                        
-the conclusions of the external auditor were announced (included into attached 
auditor's report);                                                              
-the reviews and suggestions of the Supervisory Council regarding the items of  
the Agenda were announced;                                                      
-the financial statements of the bank for the year 2009 and consolidated        
financial statements were approved (included into attached auditor's report);   
-the distribution of retained earnings was approved (attached);                 
-an Independent Audit Company PricewaterhouseCoopers UAB was elected for        
inspecting 2010 and 2011 years annual financial statements and consolidated     
financial statements of the bank and inspecting the annual report and           
consolidated annual report of the bank; also an annual remuneration for audit   
services, not exceeding LTL 122 000 (without VAT) for 2010 and 2011 was set;    
-the representative of the European Bank for Reconstruction and Development     
Michael Anthony Hesketh was elect to the Bank's Supervisory Council till the end
of the tenure of the present Supervisory Council.                               

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

Liitteet:

ditribution_ret_earn_(eng).pdf

auditors_report_2009.pdf