UKIO BANKAS

MATERIAL EVENT



CONVOCATION OF A GENERAL MEETING OF SHAREHOLDERS



(Unofficial translation done at the NSEL)



On 25 March 2003, at 2 pm, a general meeting of shareholders of Ūkio Bankas AB

will be held at Girstutis palace of concerts and sports

(at Kovo 11-osios St. 26, Kaunas).

The meeting agenda includes:

1.Concerning approval of the report of the Bank’s Board on the Bank’s operation

in 2002.

2.Concerning the report of the Bank’s watch committee and the international

audit.

3.Concerning approval of the Bank’s 2002 annual balance and the profit and

loss account.

4.Concerning approval of the allocation of the Bank’s profit earned in 2002.

5.Concerning approval of the Bank’s income and expenditure estimate for 2003.

6.Concerning the increase of the Bank’s share capital.

7. Concerning adoption of the new version of the Bank’s Statute.

8. Concerning selection of the audit company and settlement of the terms of

remuneration for the audit services.

9. Concerning disposal, management, and use of the Bank’s assets.





J.Lunevičienė

Public relations consultant

(370 37) 301 308