Bankas Snoras AB - Notification on material event

Regarding Extraordinary General Shareholders' Meeting

Notice is hereby given that upon the decision of AB Bank SNORAS Board, the
extraordinary general shareholders' meeting of AB bank SNORAS, the address of
the registered office: A. Vivulskio str.7, Vilnius, reg. code 112025973, will
be held on 21 December 2010. 
Ordinary General Meeting Agenda:
1. Increase of the Bank's authorized capital by additional contributions. 
2. Partial amendment of the Articles of Association of the Bank.
3. Other issues
The meeting starts at  14:00. The meeting venue: in the premises of AB Bank
„Finasta", situated at: Maironio str. 11, Vilnius. The meeting participants are
registered at 13:00. 
The accounting day of the shareholders' meeting - 14 December 2010, i.e. to
participate and vote during the General Shareholders' Meeting have a right only
the persons, who at the end of 14 December 2010 become shareholders of the
Bank. 
The persons arriving to the meeting must have the personal identification
document. The shareholders' authorized persons must additionally have the power
of attorney confirmed under the order established by the law. The authorized
persons during the meeting have the same rights, which would possess the
shareholders represented by them. The authorized persons during the meeting
have to vote by following the instructions given by the shareholders who
authorized them. 
On the day of convening the meeting, the authorized capital of the bank
comprises of 474 217 107 registered ordinary shares of LTL 1 nominal value and
2 000 000 units of preference registered shares of LTL 10 nominal value. 474
217 107 registered ordinary shares grant the voting rights during the General
Shareholders' Meeting. 
Shareholders whose shares provide no less than 1/20 of all the votes (23 710
856) have a right: 
1. To supplement the General Shareholders' Meeting agenda. The proposal to
supplement the agenda together with the proposed questions of the projects of
the decisions on each proposed question of the General Shareholders' Meeting
agenda, in a written form is submitted: 
- by a registered letter - to the address:  A.Vivulskio str. 7, Vilnius, the
Republic of Lithuania; 
- personally - in AB Bank SNORAS Brokerage Department at A.Vivulskio str. 7,
Vilnius, the Republic of Lithuania on business days from 8:00 till 16:30 (on
Fridays till 15:30); 
- by fax +370 5 232 73 06.
The meeting agenda will include the questions, whose proposals will be received
till 7 December 2010. 
2. Prior to the General Shareholders' Meeting or during the meeting may propose
projects of the decisions concerning the questions that are included in the
agenda of General Shareholders' Meeting,  to propose the candidates for the
members of  the Supervisory Board. The proposal in a written form shall be
submitted: 
- by a registered letter - to the address:  A.Vivulskio str. 7, Vilnius, the
Republic of Lithuania; 
- personally - in AB Bank SNORAS Brokerage Department at A.Vivulskio str. 7,
Vilnius, the Republic of Lithuania on business days from 8:00 till 16:30 (on
Fridays till 15:30); 
- by fax +370 5 232 73 06.
The proposals, which were submitted till 20 December 2010 or were submitted
during the meeting, will be discussed. 
Shareholders have a right to submit the questions related to the agenda
questions of the General Shareholders' Meeting beforehand. Questions may be
submitted: 
- by a registered letter - to the address:  AB Bank SNORAS Brokerage
Department, A.Vivulskio str. 7, Vilnius, the Republic of Lithuania; 
- personally - in AB Bank SNORAS Brokerage Department at A.Vivulskio str. 7,
Vilnius, the Republic of Lithuania on business days from 8:00 till 16:30 (on
Fridays till 15:30); 
- by fax +370 5 232 73 06.
The answers to the questions will be provided on the web-site of the Bank. The
questions will be answered if they are submitted till 16 December 2009. 
The general voting bulletins for voting shall be sent beforehand if the
shareholders possessing the voting right demand this in writing. The general
voting bulletins will be delivered to the shareholders who request them if the
Bank receives the shareholder's demand to provide the general voting bulletin
till 15:45 on 10 December 2010. The shareholder by providing the demand to
receive the general voting bulletin must indicate in what way he prefers to
receive bulletin: personally against receipt or by registered mail and indicate
the address. 
Filled in voting bulletins will be accepted and the votes indicated in them
shall be included by establishing the voting result of each agenda question if
they correspond to all these provisions: 
- the name, surname and personal code of the shareholder-natural person; the
name and code of the shareholder-legal person shall be indicated in the filled
in general voting bulletin; 
- the filled in general voting bulletin will be signed by the shareholder or
another person, who has a right to vote with the shares belonging to this
shareholder (in this case the document confirming the right to vote must be
attached to the bulletin); 
- the filled in general voting bulletin must be received prior to the General
Shareholders' Meeting. 
The requests to submit the general voting bulletin and filled in voting
bulletins can be sent by the shareholders to the following address: 
     AB Bank SNORAS
     Brokerage Department
     A.Vivulskio str. 7, LT-03221, Vilnius, Republic of Lithuania.

The personal requests to receive the general voting bulletin as well as the
filled in general voting bulletins under the established order can be
personally submitted by the shareholders at the following address: 
     AB Bank SNORAS
     Brokerage Department
     A.Vivulskio str. 7, LT-03221, Vilnius, Republic of Lithuania,
In offices 623 or 626 on business days (except Friday) from 8:00 till 17:00
(lunch - from 12:00 till 12:45), on Fridays - from 8:00 till 15:45 (lunch -
from 12:00 till 12:45) 

Vladimir Streckij
Director of Brokerage Department
Tel. +370 5 232 72 12

Attachments:

2010-12-21 sprendimal eng.pdf