BANKAS SNORAS

MATERIAL EVENT



RESOLUTIONS OF THE EXTRAORDINARY GENERAL SHAREHOLDERS‘ MEETING



(Unofficial translation done at the NSEL)



On 10 July 2003, an extraordinary general meeting of shareholders of bank

Snoras AB was held and adopted the following resolutions:

1)approve the bank‘s revised estimate income and expenditure budget

for 2003.

2) approve partial amending of the Statute of bank Snoras AB .





Sergej Lomovskoj

Director of the Finance Brokerage Department

(370 5) 265 26 62