UKIO BANKAS

MATERIAL EVENT



ACQUISITION OF A BLOCK OF SHARES OF OTHER COMPANIES



(Unofficial Translation Done at the NSEL)



This is to notify that on 23 December 2003 Ukio Bankas AB has acquired

additional shares of Ūkio Banko Investicinė Grupė UAB and has increased

its holding in that company from 9% to 14.82%.





J.Lunevičienė

Public Relations Consultant

(+370) 614 22641