NORD/LB Lietuva AB Bankas

Company event



Board proposal regarding 2004 profit distribution and increase of authorised

share capital



According to AB Bankas NORD/LB Lietuva Board’s draft resolution to regular

shareholders’ meeting on March 25, 2005 regarding the profit distribution, the

bank’s 2004 net profit will be used to balance the loss carried forward and for 

deduction to mandatory  reserve. Retained earnings are set to be transferred to

the next financial year. During the ordinary shareholders’ meeting an increase

of the bank’s authorised share capital to LTL 234,110,020 (from LTL 195,116,795)

will be submitted for approval.  The number of ordinary shares to be issued –

410 455 items. Minimum price of the share issue is estimated  LTL 73 881 900.





Andrius Vilkancas

Press officer

(+370 5) 2 393 413