Siauliu Bankas - Notification on material event

A letter of intent has been signed with Invalda LT AB

Šiauliai, Lithuanis, 2015-03-09 08:11 CET (GLOBE NEWSWIRE) -- 

On 7 March 2015 Šiaulių Bankas AB signed a letter of intent with Invalda LT AB
regarding the  acquisition  of the bank Finasta AB owned by Invalda LT. 

It is planned that Šiaulių Bankas AB is to acquire 100 per cent of the shares
of the bank Finasta AB for which it will pay in the newly issued shares of
Šiaulių Bankas AB. 

After the negotiations as well as legal and financial inspections it is
intended to sign a binding agreement of sale of shares. This deal will require
approvals from the banking supervisory authorities and other institutions.
Moreover, General Meeting of Shareholders of Šiaulių Bankas AB has to pass a
resolution to issue a new share issue of the bank and the other actions related
to the new share issue must be carried out. 



 Chief Executive Officer     Vytautas Sinius


         Chief Executive Officer Vytautas Sinius will provide additional
information and is available on tel. +370 5 236 2209.