BANKAS SNORAS

MATERIAL EVENT



ACTIVITY RESULT FOR THE FIRST HALF OF 2003



(Unofficial translation done at the NSEL)



During the first half of 2003 Bankas Snoras AB earned unaudited net profit of

LTL 4.1 million.





Sergej Lomovskoj

Director of the Finance Brokerage Department

(370 5) 265 26 62