Bankas Snoras AB

Company event



Decisions of the general meeting of shareholders



The general meeting of shareholders of Bankas Snoras AB held on March 30, 2005

resolved to:

1. Approve the 2004 Annual Report of the Board of Bankas Snoras AB.

2. Approve the bank's audited financial statements for the year 2004.

3. Approve the bank's 2004 profit appropriation, projecting to allot LTL 9 609

thousand for dividend payment (LTL 0.70 per share, which accounts for 7% of the

nominal value of a share).

4. Elect the firm of auditors "Ernst&Young Baltic" UAB to audit financial

statements of Bankas Snoras AB for the year 2005 and establish the terms of

remuneration for audit services.

5. Remove from bank's internal auditor's office Virginija Sireviciene and

recognize as void the Regulation of the Bank's Internal Auditor approved by the

general meeting of shareholders of Bankas Snoras AB on March 29, 2002.





Vladimir Streckij

Director of Finance Brokerage Department

(+370 5)2652662