AB Siauliu bankas            Stock Exchange Release             23-06-2005

 

The permission to acquire the qualifying holding of Siauliu bankas' authorized

capital and votes is received from the Bank of Lithuania



On 23rd June 2005 the Board of the Bank of Lithuania agreed that Algirdas  Butkus,

Gintaras Kateiva, Arvydas Salda, "Prekybos namai Aiva" UAB, "Alita" AB,  "Mintaka"

UAB and European  Bank  for  Reconstruction  and  Development  would  acquire  the

qualifying holding of authorized capital and(or) voting rights of  Siauliu  bankas

AB, which would comprise 1/3  of  the  Bank's  qualifying  holding  of  authorized

capital and(or) voting rights.





Pranas Gedgaudas

The Head of Brokerage Department

+370 (41) 595653