Siauliu Bankas AB - Notification on material event

The Convocation of the Extraordinary General Shareholders' Meeting

On the initiative and by the resolution of the Bank Board the Extraordinary
General 
Shareholders' Meeting of Šiaulių Bankas AB is convened at 3 pm on 11th November 
2008 in the assembly hall of J. Janonio gymnasium, address: Tilžės st. 137,     
Šiauliai. Registration starts at 2 pm.                                          

Agenda of the meeting:                                                          
Regarding the increase of the bank's authorized capital by the additional       
contributions.                                                                  
Regarding the amendment of the Bank's Charter.                                  

The Meeting's accounting day - 4th  November 2008                               
The documents related to the Meeting's agenda will be available for the         
shareholders in the bank's premises - Tilžės st.149, Šiauliai in the rooms No.  
201,202 on business hours (7:30 - 11:30 am, 12:30 - 4:30 pm) from 31st October  
2008. These documents also will be available on the bank's Internet site        
www.sb.lt from 31st October 2008.                                               
Director of the Treasury Department
Pranas Gedgaudas 
Tel.: +370 41 595653