BANKAS SNORAS

MATERIAL EVENT



100% OF SHARES OF NON-LIFE INSURANCE COMPANY “SNORO GARANTAS” SOLD



(Unofficial Translation Done at the NSEL)



On 29 December 2003, bank Snoras AB sold the ownership rights to the complete

block of shares of Snoro Garantas ADB, comprising a 100.00 % block of Snoro

Garantas ADB authorized capital.





Giedrius Šlepikas

Acting Head of the Finance Brokerage Department

(+370~5) 216 27 59