Siauliu Bankas AB

Company event



The EBRD Board approved the Project on investment in Siauliu bankas AB



On April 5, 2005, the Board of the European Bank for Reconstruction and

Development approved the Project to invest in Siauliu bankas AB by acquiring

shares of the new issue.

The EBRD will acquire 12 000 000 ordinary registered shares worth LTL 1 by

nominal value, which according to the decision of the general meeting of

shareholders of Siauliu bankas AB will be issued at a price of issue of LTL

1.70 per share.





Donatas Savickas

Deputy Chairman of the Board

(+370 41) 595 602