Ukio Bankas AB - Notification on material event

Draft resolutions of the ordinary general meeting, to be held on 27 03 2008, prepared by the Board

Shareholders of the Bank will be asked to second the following draft
resolutions: 
1.Agenda issue: Ūkio bankas annual report on activities during 2007. Ūkio
bankas annual report on activities during 2007 to be heard (see appendix No.
1). The resolution on this issue is not adopted. 
2.Agenda issue: Ūkio bankas international audit report. Take into
consideration Ūkio bankas auditor's UAB “Deloitte Lietuva” conclusion while
approving AB Ūkio bankas financial statements for the year 2007(see appendix
No. 1). 
3.Agenda issue:  Approval of Ūkio bankas financial statements for the year
2007. To approve Ūkio bankas financial statements for the year 2007 (see
appendix No. 1). 
4.Agenda issue:  Approval of Ūkio bankas profit (loss) distribution for the
year 2007. 
4.1. Approve Ūkio bankas profit (loss) distribution for the year 2007 as
follows: 
4.1.1. Retained earnings (loss) of the previous financial year at the end of
reporting year LTL 36,679.00 thousand; 
4.1.2. net profit (loss) for the reporting year LTL 82,724.00 thousand;
4.1.3. disallowance for reporting year profit (loss) LTL 0 thousand;
4.1.4.transfer from limited profit reserve fro distribution LTL 2,000.00
thousand; 
4.1.5.profit (loss) for distribution LTL 121,403.00 thousand;
4.1.6. transfer to legal reserve LTL 6,071.00 thousand; 
4.1.7.profit share allocated to capital reserve LTL 50,000.00 thousand;
4.1.8. profit share allocated to general purpose revenue reserves to cover
asset loss LTL 27,573.00 thousand; 
4.1.9.profit allocated for dividends LTL3,934.00 thousand (LTL 0.02 for one
ordinary share); 
4.1.10.retained profit (loss) at the end of reporting year to be transferred to
the following financial year  LTL33,825.00 thousand 
4.2. For bonuses to Board and council members LTL 2,500.00 thousand, which was
included in the Bank's operating expense in 2007. 
5.Agenda issue:  Election of the Audit Company and setting of the payment
terms for audit services. Elect UAB “Deloitte Lietuva” to be Ūkio bankas
auditor and set the following payment terms: 
5.1.audit of financial statements for the year 2008  LTL - 390,000.00 plus VAT;
5.2.audit overheads LTL - 31,200.00 plus VAT.
6. Agenda issue:  Increase of Ūkio bankas authorized capital.
6.1. Increase Ūkio bankas authorized capital by supplementary contributions up
to LTL 216,708,000.00 (two hundred sixteen million seven hundred and eight
thousand litas) by a new LTL 20,000,000.00 (twenty million) issue of
20,000,000.00 ordinary registered shares of 1 (one) litas. 
6.2. Set the par value of the shares of the new issue 1 (one) litas for one
share. 
6.3. The beginning of the offering of the shares of the new issue is the first
business day following the day when the announcement is made in the Lietuvos
rytas daily and official notice is made by the registrar of legal persons for
the shareholders to obtain shares of the new issue under the right of
pre-emption. 
6.4. Set the term of 15 days from placing the offer for Ūkio bankas
shareholders to obtain Ūkio bankas shares of the new issue in proportion to the
number of shares held. 
6.5. Delegate Ūkio bankas Board to approve the procedure of share offering and
payment and to set the price of the shares of the new issue. 
6.6. After the entire LTL 20,000,000.00 (twenty million) issue is distributed,
amend Ūkio bankas articles of association III (3) as follows: “The Bank's
authorized capital of LTL 216,708,000.00 (two hundred sixteen million seven
hundred and eight thousand) is divided into 216,708,000.00 (two hundred sixteen
million seven hundred and eight thousand) ordinary registered shares. The par
value of one share is 1 (one) litas” and incorporate into the current edition
of Ūkio bankas articles of association. 
6.7. Upon distributing not all the shares during the period set for share
distribution, regard the capital being increased by the sum of par values of
actually sold shares and delegate Ūkio bankas Board to make respective
amendments in Ūkio banko bankas articles of association III (3). 
6.8. Authorize Chief Executive Officer to sign the new edition of the Bank's
articles of association. 
6.9. Delegate Ūkio bankas Board to register the issue of 20,000,000.00 (twenty
million) ordinary registered shares of the par value of 1 (one) litas and
respective amendments Ūkio banks articles of association as provided by the
law. 
7. Agenda issue:  Amendment of Ūkio bankas articles of association.
7.1. Approve the new edition of Ūkio bankas articles of association (see
appendix No. 2). 
7.2. Authorize Chief Executive Officer to sign the new edition of Ūkio bankas
articles of association. 
8. Agenda issue:  use, management and disposal of Ūkio bankas assets.
8.1. Assign, lease or pledge as well as stand surety and guarantor for
obligations of other entities with Ūkio bankas fixed assets and currently held
and, pursuant to this resolution, obtained securities, rights and subsequently
acquired movable and immovable property of other issuers. 
8.2. Delegate Ūkio bankas Board to make decisions in each specific case on the
basis to this resolution of the general meeting on property assignment, lease
or security of obligations, as well as standing surety or guarantor with this
property. 


Auksė Armonaitė Glodienė, 
Public Relations Officer 
phone: +370 615 13004

Attachments:

appendix no. 1.pdf

appendix no. 2.pdf