UKIO BANKAS

MATERIAL EVENT



RESOLUTIONS OF THE GENERAL MEETING OF SHAREHOLDERS OF ŪKIO BANKAS AB



(Unofficial translation done at the NSEL)



1. Approve the report of the Bank’s Board on the Bank’s activity in 2002.

2. Take into account the report of the Bank’s internal auditor and the

conclusion of the audit firm Deloitte&Touche UAB when approving the Bank’s

financial statements for the year 2002.

3.1. Approve the Bank’s balance sheet for the year 2002.

3.2. Approve the Bank’s profit (loss) report for the year 2002.

4. Approve the Bank’s profit distribution for the year 2002.

5. Approve the Bank’s estimate income and expenditure in 2003.

6.1. Increase the Bank’s share capital from supplementary contributions up to

LTL 106 707 996 by issuing 1 333 334 ordinary registered shares with LTL 12

nominal value.

6.2. Set that the minimum issue value of one share in the new issue is LTL 12.

6.3. To offer the shares of the new issue publicly as of the date of

announcement in the daily  Lietuvos Rytas until 1 December 2003.

6.4.Distribute the entire share issue of LTL 16 000 008, amend the Bank’s

Statutes respectively.

7.Approve the new version of the Bank’s Statutes.

8. Select Deloitte&Touche UAB as the audit firm of Ūkio Bankas AB and set the

remuneration terms.

9.1.Transfer, lease or mortgage the long-term assets of Ūkio Bankas AB as well

as securities of other issuers already held and those acquired upon adoption of

this resolution and use those assets and securities as surety and guarantee for

the discharge of obligations of other entities.

9.2.Authorise the Bank’s Board to adopt decisions, on the basis of this

resolution of the general meeting of shareholders, regarding transfer, lease,

mortgage of the long-term assets or using them as surety for the discharge of

obligations.





J.Lunevičienė

Public Relations Consultant

(370 37) 301 308