BANKAS SNORAS

MATERIAL EVENT



CONVOCATION OF A GENERAL MEETING OF SHAREHOLDERS



(Unofficial translation done at the NSEL)



By decision of the Board of bank Snoras AB a general meeting of shareholders

of the bank, located at A.Vivulskio st. 7, Vilnius, will be convened on 27

March 2003. 

The meeting will be held at the main conference hall of Centrum hotel located

at  Vytenio st. 9/25, Vilnius.

Registration starts at 1 pm.

The meeting starts at 2 pm.

The agenda includes:

1. Concerning approval of the report of the Bank’s Board on the Bank’s

operation in 2002.

2. Concerning consideration of the results of the financial statements’ review

(reports of the Bank’s watch committee and auditor).

3. Concerning the allocation of the Bank’s profit earned in 2002.

4. Concerning approval of the Bank’s income and expenditure estimate for 2003.

5. Concerning the increase of the Bank’s share capital. Report of the

Bank’s Board.

6. Concerning changes to the Bank’s Statute.

7. Concerning election of the members of the Bank’s Board.

8. Concerning selection of an audit company and setting of the terms of

remuneration for the audit services.

9. Other issues.



For more information: Tel (370 5)265-26-62.





Sergej Lomovskoj

Head of the Financial Brokerage Department

(370 5) 265-26-62