Bankas Snoras AB - Notification on material event

CORRECTION: Notification about the second stage of AB bankas SNORAS share issue offering

Correction of technical error.

We inform that AB bankas SNORAS shareholders exercised their right of
pre-emption in the first stage of the public share issue offering and signed
and paid for 367 965 974 shares. 12 116 919 shares remained unsigned and are
available for acquisition in stage II. 

During stage II shares will be offered under the following procedure:

From 29 03 2011 until 11 04 2011 shares will be offered only to holders of AB
bankas SNORAS preference shares as of January 5, 2011. During the II stage a
shareholder is entitled to acquire the number of shares equal to the number of
preference shares he/she had on the 5th of January 2011 multiplied by 6.0584595
and rounded under mathematic rules. Subscribed shares shall be paid for within
three days since the signing of the contract. 

AB bankas Snoras will inform about the remaining number of unsubscribed shares
in the notification on NASDAQ OMX Vilnius Stock Exchange and the Bank's website
on 15 04 2011. 




         Vladimir Streckij
         Director of Finance Brokerage Department
         (+370 5)2327212