HANSAPANK

ANNOUNCEMENT



COMMENT TO AN ARTICLE IN LIETUVOS RYTAS



As a commentary to the article in a Lithuanian daily, Lietuvos Rytas,

according to which Hansabank’s Lihtuanian subsidiary, Hansabankas has

violated the Anti Money Laundering Law, Hansabank would like to

say that, the software, which automatically generates reports for

the Tax Police, had mistakes, which were discovered by Hansabankas in

March. Because of the mistakes Hansabankas did not report on time

about performed operations. The bank immediately informed the Tax

Police about the mistakes.



After the bank employees carefully matched the reports to the Tax

Police with the actual operations, 700 delayed reports were found.

Hansabankas performs about 200,000 operations a month, out of which

some 5,000 must be reported to the Tax Police according to the Anti

Money Laundering Law of the Republic of Lithuania.



The above mentioned software mistake has been corrected and

Hansabankas continues to follow the requirements mentioned in the Anti

Money Laundering Law of the Republic of Lithuania.



Hansabankas followed and continues to follow the Laws of the Republic

of Lithuania, the Requirements of the Bank of Lithuania and other

legal acts from its establishment and continues to systemically and

professionally serve its clients.



Head of the Lithuanian State Property Fund, Mr Povilas Milashauskas

told Lietuvos Rytas that the above mentioned fact does not interfere

with the Lithuanian Savings Bank’s privatisation negotiations.





Mart Tõevere

Head of Investor Relations

+372 6131 569