DnB NORD Bankas AB - Notification on material event

On the intention of Bank DnB NORD A/S to announce the voluntary takeover bid

On 14 January  2009, 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 “Issuer”)was notified by Bank DnB NORD A/S 
(company code CVR-nr: 28691947, registered office: Dampfærgevej 28, DK-2100
Copenhagen Ø, Denmark)(hereinafter referred to as the “Offeror”) that 
as of 8 January 2009, the Offeror's Board of Directors resolved to announce 
a voluntary takeover bid to acquire all the remaining 324,998 (three hundred
twenty four thousand nine hundred ninety eight)ordinary registered shares of
the Issuer, at a price of 125 LTL per ordinary registered share, on the
condition that the Offeror acquires at least 292,499 (two hundred ninety
two thousand four hundred ninety nine) shares. 

The Offeror holds 4,814,122 (four million eight hundred fourteen thousand one
hundred twenty two) ordinary registered shares of the Issuer, with nominal
value of 115 LTL each, which constitute 93.68% of shares and votes in General
Meeting of Shareholders of the Issuer, and intends to submit a voluntary 
takeover bid to acquire all the remaining 324,998 (three hundred twenty
four thousand nine hundred ninety eight) ordinary registered shares of the
Issuer, with nominal value of 115 LTL each (ISIN code LT0000100174), which
grant 6.32% of votes at the General Meeting of Shareholders of the Issuer.

The intended method for settlement for the ordinary registered shares of the
Issuer to be acquired - monetary payment.

Minimum number of the Issuer‘s shares intended for purchase - 292,499 (two
hundred ninety two thousand four hundred ninety nine) ordinary registered
shares. The failure to tender minimum number of shares by the responding
shareholders of the Issuer, will result in the failure of the takeover bid. 

Andrius Vilkancas,
Press Officer  
tel. +370 5 239 3413