SIAULIU BANKAS

MATERIAL EVENT



CONVOCATION OF THE GENERAL MEETING OF SHAREHOLDERS



Unofficial Translation Done at the NSEL)



Acting on the initiative and decision of the Board of Siauliu Bankas AB, an

extraordinary general shareholders’ meeting of the bank is being convened on

20 July 2004 at 4 p.m. Venue of the meeting: premises of Siauliu Bankas AB,

located at 167 Vilniaus St., Siauliai. Beginning of the registration: 3 p.m.

On the agenda:

1) Increase of the bank’s share capital by additional contributions ;

2) Confirmation of the new wording of the Statute.



The registration date of the meeting: 13 July 2004.

Documents related to the agenda of the general meeting are available from 9

July 2004 at the headquaters of Siauliu Bankas AB (149 Tilzes Str., room 214,

from 7:30 a.m. to 11:30 a.m. and from 12:30 p.m. to 4:30 p.m.).





Pranas Gedgaudas

Head of brokerage

(370 41) 595653