Siauliu Bankas AB - Notification on material event

Resolutions of the Extra-Ordinary General Meeting of Shareholders

Šiauliai, Lithuania, 2013-08-06 15:18 CEST (GLOBE NEWSWIRE) -- 

The following events took place and resolutions were made during the
Extra-Ordinary General Meeting of the Shareholders held on 6 August 2013: 

  1.The decision regarding the amendments of the Bank Charter was made:

       1) To amend Article 8.1 of the Charter of the Bank and set it as follows:

       „8.1. The Board is a collegial Bank management body, consisting of 8
(eight) members. It manages the Bank, handles its matters and answers under the
laws for execution of the Bank‘s financial services.“ 

       2) To authorize (with the right to re-authorize) the Chief Executive
Officer of the Bank Mr Audrius Žiugžda to sign the amended Charter. 

    2. Partially changing the resolution passed by the General Meeting of
Shareholders held on 2012-03-29  regarding  the Bank's auditor it was
determined that the price paid for the Bank's audit services shall not exceed
LTL 189 000 (excluding VAT) in 2013. 

    3. Mr Alexander Saveliev (the representative of the European Bank for
Reconstruction and Development) was elected into Supervisory Council of the
Bank until the end of the current Supervisory Council tenure, i.e. until the
Ordinary General Shareholder's Meeting in 2016. 



 Chief Executive Officer        Audrius Žiugžda


         Director of the Treasury Department Pranas Gedgaudas provides
additional information and is available on tel.: +370 41 595653.