SIAULIU BANKAS

MATERIAL EVENT



DECISIONS OF THE GENERAL SHAREHOLDERS’ MEETING



On 26 March 2002, a general shareholders’ meeting adopted the following

decisions which should be considered material events:

1) Pay dividends of 1% of the nominal value of shares (LTL 0.50 per share).

Dividends will be paid to those who were the company’s shareholders on the day

of the meeting (26 March 2002)/ Dividends will be paid from 2 April 2002 until

26 June 2002.

2) increase the bank’s authorized capital by LTL 4 million out of additional

contributions by issuing 80,000 ordinary registered shares at LTL 50 par. To

establish the issue price at LTL 50. To grant current shareholders of the bank

pre-emptive right to acquire the newly issued shares in proportion to the

number of shares held on the day of the meeting during the initial placement

period of 30 days. To change the size of the bank’s authorized capital in the

bank’s Statute according to the number of shares placed.

3) Elect Sarunas Nedzinskas member of the Bank’s Council (after resignation of

Audrius Ziugzda).





Pranas Gedgaudas

FMD manager

8-21 595653