SIAULIU BANKAS

MATERIAL EVENT



CONVOCATION OF THE GENERAL MEETING OF SHAREHOLDERS



(Unofficial Translation Done at the NSEL)



Acting on the decision of the Board of Siauliu Bankas AB, an annual general

shareholders’ meeting of the bank is being convened on 29 March 2004 at 4 p.m.

Venue of the meeting: premises of Siauliu Bankas AB, located at 167 Vilniaus

St., Siauliai.

Beginning of the registration: 3 p.m.



On the agenda:

1. Report on Siauliu Bankas AB performance in 2003 and its approval.

2. Audit results and inspector’s conclusions.

3. Approval of financial statements (annual balance sheet and profit (loss)

report)

4. Appropriation of profit.

5. Approval of the Bank’s income and expenditure estimate for the year 2004.

6. Election of the firm of auditors and determination of payment for audit

services.

7. Increase of share capital out of the Bank’s means.

8. Change of the Bank’s Statutes.

9. Election of members of the Bank’s Supervisory Board.



The registration date of the meeting: 22 March 2004.

Documents related to the agenda of the general meeting are available from 19

March 2004 at the headquaters of Siauliu Bankas AB (149 Tilzes Str., room 214,

from 7:30 a.m. to 11:30 a.m. and from 12:30 p.m. to 16:30 p.m.)





Pranas Gedgaudas

Head of brokerage

(370 41) 595653