Siauliu Bankas AB - Other information

Information about accepted applications to acquire new shares on the third stage of share offering

Šiauliai, Lithuania, 2011-06-28 17:19 CEST (GLOBE NEWSWIRE) -- 

From 20 July to 27 July 2011 the Bank accepted applications to acquire shares
from the remaining 7,347,740 shares (after the first and second stages of the
offering) of new share issue of 30 million shares, issued at the issue price
LTL 1.04 per share. 

The investors have submitted applications to acquire 10,048,496 shares
altogether and all applications are accepted by Bank after investors
transferred a guarantee deposit (equal to total amount of demanded shares at
the issue price) to ensure the payment for the demanded shares. 

Whereas the total number of demanded shares by all investors having submitted
applications is bigger than the number of shares to be offered in the third
stage, the applications would be supplied proportionally. The number of shares
that investor is allowed to acquire is calculated using the following formula: 

S=P*k

where S - number of shares that investor is allowed to acquire (rounded to
integer number); 

P - maximum number of demanded shares, indicated in the application;

 k - ratio 0.73122784;

The distributed shares should be subscribed and paid from 29 June to 4 July
2011. 

Guarantee deposits to ensure the payment for the demanded shares transferred by
the investor shall be used for the payment of shares assigned to the investor
and subscribed, and the Bank will transfer the funds to the capital
accumulation account for the investor upon the share subscription agreement. If
the investor‘s funds of guarantee deposits remain, the Bank shall reimburse
them without any deduction and fees within three business days after the
payment of subscribed shares during the third stage. 

The Share Issue Prospectus is available for review at the Bank's Head Office,
at the address Tilžės St. 149, Šiauliai and in all territorial outlets of the
Bank as well as on the Bank's website
http://www.sb.lt/en/investors/prospectus_and_reports. 

The offering of the shares will take place in the Bank's Head Office at the
address Tilžės St. 149, Šiauliai and in all regional outlets of the Bank. The
addresses of places where the offering is to take place are listed in the Share
Issue Prospectus and detailed information is available by calling the following
telephone numbers: +370 841 595653, 595669, 595652, 500704, 595608, 500709,
595654. 



Chief Executive Officer Audrius Žiugžda