SIAULIU BANKAS

MATERIAL EVENT



RESOLUTIONS OF THE GENERAL SHAREHOLDERS’ MEETING



(Unofficial translation done at the NSEL)



The extraordinary general meeting held on 3 September 2003 adopted the

following resolutions:



1) To increase the Bank’s share capital from supplementary contributions by LTL

5.000.000 by way of issuing 5.000.000 ordinary registered shares of LTL 1 (one)

nominal value per share. To set the issue of price of the shares being newly

issued: LTL 1 (one) per share. To authorize the Bank’s Board to prepare and

submit in the share issue prospectus the procedure of distribution and

payment for the shares of the new issue in accordance with the law.



2) Not to grant to all the shareholders of the Bank the pre-emptive right to

acquire shares of the new issue being issued by the bank. To sell the entire

new issue of shares to: East Capital Asset Management (Sweden),

Darius Vyšniauskas, Gintaras Kateiva, and Pozityvios Investicijos UAB.



3) To amend the Bank’s statutes indicating therein the increased amount of the

share capital.





Pranas Gedgaudas

Head of the Financial Brokerage Division

(370 41) 595653