Vilnius Stock Exchange to list Bankas Snoras AB corporate bond issue

21.11.2005 VLN

A 368-day issue of 200,000 corporate registered bonds at LTL 100 (EUR 28.96) face value of Bankas Snoras AB is admitted to the Bond List of the VSE. The total nominal value of the issue amounts to LTL 20,000,000 (EUR 5,792,400). Following the decision of the Lithuanian Securities Commission as of November 4, 2005 (decision No. 2 K-355, minutes No 6K-26), the corporate bond issue prospectus was approved for listing in the VSE Bond List (statement on approval of securities prospectus No 4R-6 as of November 4, 2005). The bonds will be redeemed on September 18, 2006. The bonds give a right to annual interest of 4%.

On October 1, 2005, the authorized capital of Bankas Snoras AB amounted to LTL 137,261 thousand (EUR 39,753.53 thousand) and shareholders’ equity stood at LTL 239,647 thousand (EUR 69,406.57 thousand). Unaudited net profit of the bank during the first 9 months of 2005 reached LTL 30,494 thousand (EUR 8,831.67 thousand). In 2004 and 2003, the net profit of the bank made LTL 20,545 thousand (EUR 5,950.24 thousand) and LTL 7,245 thousand (EUR 2,098.30 thousand) accordingly.

As of June 30, 2005, the total number of the bank’s shareholders stood at 1067. The largest shareholders (holding more than 5% of all bank’s votes) are the following: Conversgroup (Luxemburg) Holding Company – 49.89%, Nuntel Holdings S.A. – 9.90%, Hoffman Development INC. – 9.90%, Raimondas Baranauskas – 8.86%, Skepi Shipping Co. Limited – 8.31%, CTPS Limited – 5.21%.

For more information:

Diana Sokolova, Marketing and Communications Manager
OMX Exchanges/ Vilnius Stock Exchange +370 5 272 13 71

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