SIAULIU BANKAS

MATERIAL EVENT



OPERATING RESULT OF SIX MONTHS OF 2003



(Unofficial translation done at the NSEL)



According to the unaudited data, during six months of 2003 AB Siauliu Bankas

earned LTL 2944 thousand of net profit.





Vita Adomaitytė

Chief Accountant

(370 41) 595606