Vilnius Stock Exchange to list Bankas Snoras AB corporate bond issue

23.01.2007 VLN

From January 31, 2007, a registered corporate discount bond issue of the Bankas Snoras AB will be admitted to the Vilnius Stock Exchange (VSE) Bond List. Such a decision was made at the VSE Management Board meeting on January 23, 2007.

A 366-day issue of 300,000 corporate registered discount bonds at LTL 100 (EUR 28.96) face value of the Bankas Snoras AB is admitted to the VSE Bond List. The total nominal value of the issue amounts to LTL 30,000,000 (EUR 8,688,601).

The bonds will be redeemed on September 20, 2007. The bonds give a right to annual interest of 4.5 %.

The authorized capital of the Bankas Snoras AB amountes to LTL 212,174 thousand (EUR 61,450 thousand). Unaudited net profit of the bank during the nine months of 2006 reached LTL 37,319 thousand (EUR 10,808 thousand). In 2005 and 2004, the net profit of the bank totaled LTL 40,669 thousand (EUR 11,779 thousand) and LTL 13,345 thousand (EUR 3,865 thousand), accordingly.

On January 4, 2007, the following shareholders held over 5 % of all bank’s votes: Conversgroup (Luxemburg) Holding Company – 49.89 %, Raimondas Baranauskas – 9.99 %, Nuntel Holdings S.A. – 9.90 %, Hoffman Development Inc.- 8.75 %, Skepi Shipping Co.Limited – 8.31 %, CTPS Limited – 5.21 %.

For more information, please contact:
Gintare Blazyte, Communication Manager
Vilnius Stock Exchange +370 5 272 13 71