BANKAS SNORAS

MATERIAL EVENT



PRELIMINARY ACTIVITY RESULT OF THE 1ST QUARTER OF 2003



(Unofficial translation done at the NSEL)



During the 1st quarter of 2003, bank Snoras AB earned LTL 2.4 m. of

pre-audit net profit.





Sergej Lomovskoj

Head of the Finance Brokerage Department

(370 5) 265-26-62