Siauliu Bankas AB

Company event



The Board’s proposal on share capital increase



The Board of Šiaulių bankas AB decided to submit to the General Meeting to be

held on 20 July 2004 the draft

decision regarding an increase of the share capital of the bank by LTL3.25

million and fixing of the price of

one share to be LTL1.70.  The Board hasn’t proposed any revocation of the

shareholders’ pre-emptive right to

subscribe for shares being issued by the company in proportion to the nominal

value of the shares owned by

the shareholders on the day of the General Meeting of Shareholders. .





Pranas Gedgaudas

Head of the Brokerage Department

(+370 41) 595653