LIETUVOS ZEMES UKIO BANKAS

MATERIAL EVENT



DECISION OF THE EXTRAORDINARY MEETING OF LZUB SHAREHOLDERS



(Unofficial translation done at the NSEL)



At 9.00 a.m., on 25 November 2002, the extraordinary general meeting of

Lietuvos Zemes Ukio Bankas AB shareholders too place at the headquarters of

the Bank, at 26 J. Basanaviciaus St. in Vilnius.

At the meeting it was decided to amend the wording of paragraph 12 of Section

III of the Bank’s statute and to read it as follows:

“12. The Bank’s authorised capital equals the total nominal value of all

registered shares. The Bank’s atuhorised capital equals LTL176,585,430 and

it is divided into 1,858,794 ordinary registered shares. The nominal value of

a share equals LTL 95.”





Imandra Daukšienė

Spokesman to the press

(370 5) 239 34 13