HANSAPANK

ANNOUNCEMENT



ADDITIONAL INFORMATION ON LITHUANIAN SAVINGS BANK



1. Purchase price and payment conditions

Hansabank will pay LTL 150 million to the Lithuanian State Property

fund for the 90.73% holding in LTB. The amount will be paid in full on

closing.



2. LTB’s revenues, net profit, dividends per share and EPS



                                   2000      1999      1998

Total revenue (mil LTL)           206,2     204,3     145,1

Net profit (mil LTL)              -32,3      16,9       0,6

Dividends per share (LTL)             -         -         -

Earnings per share (LTL)           -1,9       1,0       0,1



as at March 31, 2001 1 LTL = 4.443655 EEK



3. Balance sheet and income statement



Balance sheet

                                                       

(mil LTL, audited)                       31.12.00  31.12.99

                                                           

Assets                                                     

Cash                                         95.5      94.5

Due from Central Bank                       189.6     285.5

Due from other financial institutions       531.1     173.6

Securities                                1,207.6     961.0

Loans                                       970.6   1,185.6

  - Allowances for credit losses            -19.9     -16.9

Net loans                                   950.7   1,168.7

Tangible assets                             266.6     291.4

Intangible assets                             1.8       1.0

Prepayments and accrued interest             24.6      14.9

Other assets                                165.2     177.1

Total assets                              3,432.7   3,167.7

                                                           

Liabilities                                                

Due to other financial institutions         166.0     111.7

Deposits                                  2,824.7   2,610.9

Accrued liabilities                          25.0      21.8

Other liabilities                           195.3     171.4

Total liabilities                         3,211.0   2,915.8

                                                           

Shareholders' equity                                       

Common stock                                167.3     167.3

Share premium                                 8.7       8.7

Reserves                                     46.2      44.6

Other reserves                               31.8      14.4

Retained earnings                           -32.3      16.9

Total shareholders' equity                  221.7     251.9

Total liabilities and shareholders'       3,432.7   3,167.7

equity





Income statement

(mil LTL, audited)                          2000      1999

                                                          

Interest income                            225.3     220.7

Interest expense                            97.6      86.1

Interest income, net                       127.7     134.6

                                                          

Fee and commission income                   66.0      56.1

Fee and commission expense                  12.0       8.8

Fees and commissions, net                   54.0      47.3

                                                          

Net result from financial operations        19.2      12.6

Other income                                 5.3       9.8

Total income                               206.2     204.3

                                                          

Operating expenses                                        

Personnel expenses                          84.7      91.0

Administrative expenses                     34.7      34.3

Other expenses                              31.7      39.2

Depreciation                                16.7      15.2

Total operating expenses                   167.8     179.7

Losses on loans and guarantees              77.8       9.7

Recovered loans                              7.4       2.3

Operating profit                           -32.0      17.2

Income tax                                   0.3       0.3

Net profit                                 -32.3      16.9



4. Loans taken by LTB from other banks, 31.03.01

Societe Generale, Prague – LTL 2.7 million (USD)

Investicni Postovi Banka, Prague – LTL 11.2 million (USD);

Cekoslovenska Obchodni Banka, Prague – LTL 22.1 million (USD);

Raiffaisen Centrale Bank – LTL 35.4 million (EUR);

Nord LB – LTL 0.5 million (DEM);



5. Shareholders, owning more than 5% of the shares

Republic of Lithuania – 90.73%



6. There are now litigations that might have a negative effect on

LTB’s operations or financial results.



7. Agreements concluded between Hansabank and LTB

Custody agreement, for indefinite term.

ISDA master agreement, for indefinite term.



8. Members of the Board and Council

Board:

1. A.Krizinauskas - Chairman

2. D.Darulis - Vice chairman

3. D.Kaveckas

4. J.Akstiniene



Council:

1. M.Jonikas, Vice minister of Finance - Chairman

2. G.Rimsa, Ministry of Finance - Vice chairman

3. G.Aleknaite, State Property fund

4. A.Dziskiene, Ministry of Finance

5. D.Kamarauskiene, Ministry of Finance

6. A.Sukys, State property fund

7. S.Vaicikauskas, private person





Mart Tõevere

Head of Investor Relations

+372 6131 569