BANKAS SNORAS

MATERIAL EVENT



RESULT FROM OPERATION FOR THE 1ST QUARTER OF 2004



(Unofficial Translation Done at the NSEL)



During the 1 st quarter of 2004, Bankas Snoras AB earned LTL 4.42 m.

of unaudited net profit.





Vladimir Streckij

Director of Financial Brokerage Division

(+370-5) 2652662