Siauliu bankas AB shares are listed on the Main List of the Vilnius Stock Exchange

11.12.2006 VLN

From today (December 11, 2006), shares of Siauliu bankas AB are admitted to the Vilnius Stock Exchange (VSE) Main List. Before the bank’s shares were listed on the I-list.

„As of today, 2006, we will have the second company from the Lithuanian financial sector on the Main List of the Vilnius Stock Exchange as well as on the Baltic Main List. The shares of Siauliu bankas AB are included into our new OMX Baltic Benchmark index, the main Baltic market indicator consisting of the largest and most traded Baltic stocks. Active trading in bank’s shares, large market value and sufficient number of shares in free float paved the way for Siauliu bankas to this index,” said Arminta Saladziene, Chairman of the VSE Management Board.

“We are of the opinion that the issuer has to take care of its shares and make them attractive applying particular actions, – said Algirdas Butkus, Chairman of the Bank’s Board. – At the moment we are not planning to change our strategy of issuing shares from the bank’s own funds and increasing the bank’s authorized capital by additional contributions when the shares are disseminated to the shareholders at a lower price. We have noticed that a good three-year experience is started to be applied by other banks of Lithuania”.

As of December 8, 2006, the bank’s market capitalization stood at LTL 347,945 thousand (EUR 100,772 thousand). The authorized capital of the bank is LTL 94,039 thousand (EUR 27,236 thousand), which consists of 94,039,200 ordinary registered shares at LTL 1 par (EUR 0.29). As of September 30, 2006, the bank’s capital and reserves equaled LTL 117,162 thousand (EUR 33,932 thousand). Unaudited net profit of the bank during the three quarters of 2006 reached LTL 11,623 thousand (EUR 3,366 thousand). In 2005 and 2004, the net profit of the bank made LTL 8,103 thousand (EUR 2,347 thousand) and LTL 4,440 thousand (EUR 1,286 thousand), accordingly.

As of October 31, 2006, the largest shareholders (holding more than 5% of the authorized capital) are the following: European reconstruction and development bank–16.06 %, clients of the Skandinaviska Enskilda Banken (Sweden) – 6.12 %, Aiva UAB – 6.07 %, Gintaras Kateiva- 5.61 %.
For more information, please contact:

Gintare Blazyte, Marketing and Communications Specialist
Vilnius Stock Exchange +370 5 272 13 71