HANSAPANK

ANNOUNCEMENT



LTB'S EXTRAORDINARY SHAREHOLDERS MEETING



The extraordinary shareholders meeting of Lietuvos Taupomasis Bankas

held today, July 24, decided to increase the share capital of the bank

by LTL 150 million through issuing 15 million new shares with a

nominal value of LTL 10 each. The share issue will be directed to

LTB’s largest shareholder, Hansabank. With this Hansabank has already

within two months fulfilled its obligation to re-capitalise the bank

during 18 months from the date of closing. After the capital increase

the new share capital of the bank will be LTL 317.3 million.



The shareholders also decided to increase the number of board members

to seven, from current five. The two new board members will be

Giedrius Dusevicius, head of Hanza Lizingas and Antanas Danys, head of

electronic banking in LTB.



Also, Deloitte & Touche was appointed as the auditor of the bank for

the financial year of 2001.





Mart Tõevere

Head of investor relations

+372 6131 569