Siauliu Bankas AB - Notification on material event

Transactions, related to the payment of the variable remuneration in the Bank’s shares, have been entered

Siauliai, Lithuania, 2012-05-14 08:58 CEST (GLOBE NEWSWIRE) -- Šiaulių bankas
AB, company code 112025254, the address Tilžės st. 149, LT-76348 Šiauliai. 

To pay a portion of the variable remuneration to the employees' group in the
form of the Bank‘s shares as foreseen by the requirements of the Variable
Remuneration Policy established by the Bank of Lithuania, the transactions of
the Bank‘s share purchase were entered during the NASDAQ OMX Vilnius trading
session on 11 May 2012 in compliance with the joint order of the employees'
group. 259.985 units of the Bank‘s shares purchased through these transactions
shall be paid by the Bank and „Šiaulių banko lizingas“ UAB, thereby, fulfilling
the obligation to pay the portion of the variable remuneration in the Bank‘s
shares. 



Chief Executive Officer Audrius Žiugžda






         Head of Legal and Administration Division Živilė Skibarkienė shall
provide the additional information and is available on tel. +370 5 2602027.