BANKAS NORD/LB LIETUVA

MATERIAL EVENT



ON 26 MARCH 2004 THE ORDINARY GENERAL MEETING OF SHAREHOLDERS OF AB BANKAS

NORD/LB LIETUVA



during which it was resolved:

1.To approve the report of the

 Management Board

of the Bank on performance of the

Bank in 2003;

2.To acknowledge the audit report

and to agree to

 the report of the Examiner of the Bank;

3.To approve the financial reporting

of the Bank of 2003;

4. To approve the profit (loss)

distribution

of the Bank; to reduce the

long-term assets

revaluation reserve by

the amount of

LTL 1 067 thousand falling on the sold,

 written-off or fully amortised assets

by directing

 this amount to the general reserve

for covering of

the loan losses; to carry

 forward the loss of

LTL 2 682 thousand to the

following financial year;

5. To approve the income and

expense budget of

the Bank for 2004;

6.To approve the amendments to

the Bylaws of the Bank;

7.To elect Mr. Viktoras

Valentukevičius and Mr.

Antanas Juozas Zabulis as Members of

 the Supervisory Council of the Bank.





Rūta Bložytė,

Spokesperson

(8 5) 2 393 730