Ukio Bankas AB              Stock Exchange Release              2005-07-08



A new share issue



On July 07, 2005, Securities Commission of the Republic of Lithuania registered

a new issue of ordinary registered shares of AB Ūkio bankas with the nominal value

of LTL 20,000,004.00. The issue price is set at LTL 12 per share. The Prospectus and

the Bank statements are available for review at the head office of the Bank. The share

ssue is subscribed for in two stages:

1) During the first stage – 30-day period from the day of publication in the daily

“Lietuvos rytas” – the shareholders of the Bank have the pre-emption right to acquire

the newly issued shares of the Bank pro rata to the par value of the shares owned by

them as of the date of the general shareholders’ meeting which passed the decision to

increase the authorised capital by way of additional contributions, i.e. as of March 24,

2005.

2) The second stage – the stage of public subscription for the shares – will last until

October 01, 2005 inclusive.

The shares are subscribed for at the Financial Brokerage Division, Head Office of AB Ūkio

bankas, Maironio str. 25, LT- 44250, Kaunas (tel.: +370 37 301432) on business days from

8:30 a.m. to 4:00 p.m. with a break from 12:00 a.m. to 1:00 p.m.



Jolanta Lunevičienė

Publick Relations Consultant

+37061422641