UKIO BANKAS

MATERIAL EVENT



CHANGES IN THE MANAGEMENT BOARD OF UKIO BANKAS AB



On 14 May 2001, following the decision of the Supervisory Board of

Ukio Bankas AB and upon mutual agreement, Jonas Saulėnas, Deputy Chairman

of the Bank’s Board, was dismissed from the office.





Gintaras Jatkonis

Manag of public relations unit

(8-22) 36 27 30