BANKAS SNORAS

MATERIAL EVENT



CONCERNING ADDITIONAL ISSUES ON THE AGENDA OF THE GENERAL SHAREHOLDERS’ MEETING



(Unofficial Translation Done at the NSEL)



We hereby announce that, acting on the decision of the Board, the agenda of

the Annual General Meeting of the bank Snoras AB shareholders to be held on

30 March 2004 has been supplemented with the following issues:

1. Increase of the Bank’s share capital.

2. Notification by the Board of the Bank concerning a proposal to revoke

the pre-emption right of the shareholders to acquire shares in the Bank.

3. Revocation of the pre-emption right of the shareholders to acquire shares

in the Bank.

4. Amendments to the Bank’s Statute.





Vladimir Streckij

Director of Financial Brokerage Division

(+370 5) 2 652 662