AB Ūkio bankas                Stock Exchange Realease                    23-12-2005



Resolutions of the extraordinary General Shareholders’ Meeting held on

23 December 2005



1. Split of AB Ukio Bankas ordinary registered shares.

Resolved:

1.1. To split AB Ukio Bankas ordinary registered shares of the par value of LTL 12

(twelve) into shares of the par value of LTL 1 (one).

1.2. Amend Article III (3) of the Bank’s Statute as follows: 

“The Bank’s authorized capital of LTL 126 708 000 (one hundred twenty six million

seven hundred and eight thousand) shall be divided into 126 708 000 (one hundred

twenty six million seven hundred and eight thousand) ordinary registered shares.

The par value of one share is LTL 1 (one)” and incorporate the amended clause into

the new edition of the Statute.

1.3. Authorize Gintaras Ugianskis to sign the new edition of the Statute.

1.4. Authorize Ukio Bankas Board to register the Statute amendments pursuant to the law.

1.5. After the registration of the Statute amendments in connection with the modification

of the par value of the Bank’s shares, adjust Bank shareholder’s accounts by registering

12 (twelve) ordinary registered shares of the par value of LTL 1 (one) instead of one

ordinary registered share of the par value of LTL 12 (twelve).

2. On the increase of Ukio Bankas authorized capital.

Resolved:

2.1. To increase the Bank’s authorized capital with additional contributions up to

LTL 176 708 000 (one hundred seventy six million seven hundred and eight thousand) by a new

share issue of LTL 50 000 000 (fifty million) of 50 ordinary registered shares of the par

value of LTL 1 (one).

2.2. To commence the increase of the authorized capital after the registration of AB Ukio

Bankas Statute in Legal Persons Register in connection with the split of Ukio Bankas shares

into ordinary registered shares of the par value of LTL 1 (one).

2.3. To set the minimal share issue price of LTL 1 (one) for one newly issued share.

2.4. The distribution sale of shares of the new issue shall start on the next day after

the notification is announced in the Lietuvos Rytas daily and public notification of the

Companies Register about the offer to the shareholders to acquire the shares by the right

of pre-emption. 

2.5. To set the term of 15 days for the Bank’s shareholders to use their right of

pre-emption for the acquisition of shares of the new issue in proportion to their shares

held on the day of the meeting.

2.6. To delegate confirmation of distribution and call on shares procedure to AB Ukio

Bankas Board.

2.7. Upon distribution of the entire issue of LTL 50 000 000 (fifty million) of shares,

amend Article III (3) of the Bank’s Statute as follows: “The Bank’s authorized capital

of LTL 176 708 000 (one hundred seventy six million seven hundred and eight thousand)

shall be divided into 176 708 000 (one hundred seventy six million seven hundred and eight

thousand) ordinary registered shares. The par value of one share is LTL 1 (one).” and

incorporate the amended clause into the new edition of the Statute.

2.8. In the event not all shares are distributed during the period laid down for the 

distribution sale of shares, the authorized capital shall be increased by the total value

of actually distributed shares and the Bank’s Board shall be delegated to amend Article

III (3) of the Bank’s Statute correspondingly.

2.9. To authorize Gintaras Ugianskis to sign the new edition of the Statute.

2.10.To delegate the registration of the issue of 50 000 000 (fifty million) of ordinary

registered shares of the par value of LTL 1 (one) and the respective amendments of the

Statute to AB Ukio Bankas Board.



Jolanta Lunevičienė

Public Relation Consultant

+370 614 22641