UKIO BANKAS

MATERIAL EVENT



ADOPTED DECISIONS OF A GENERAL SHAREHOLDERS’ MEETING



On 21 March, 2000 the general meeting of AB Ūkio Bankas shareholders was held.

It was decided to :

1) approve the report of the Board of AB Ūkio Bankas on the Bank’s activity in

1999;

2) approve the report of the auditing commission of AB Ūkio Bankas;

3) approve balance account of 1999;

4) approve profit (loss) account of 1999;

5) approve distribution of profit of 1999 (LTL 5.533m are allotted to cover

losses of the previous year; no dividends shall be paid);

6) approve the budget of AB Ūkio Bankas for 2000;

7) accept resignation of Byung Ho Kim, member of the Board of AB Ūkio Bankas;

8) elect Hong Kyun Kim member of the Board of AB Ūkio Bankas;

9) elect Sergej Fedotov member of the Board of AB Ūkio Bankas;

10) sell, lease or transfer long-term real estate specified in the approved

lists. To authorise the Board to adopt decisions regarding the terms of

property sales, lease, and transfer in every case;

11) establish the auhtorised capital of LTL 72.707.988 after share issue worth

LTL 12.707.988 is distributed;

12) change the wording of paragraph 2 of chapter IV of Articles of Association

and to read it as follws:

"2. The authorised capital is the nominal value of all registered shares.

The Bank’s authorised capital that amounts to LTL 72.707.988 (seventy two

million, seven hundred and seven thousand, nine hundred and eighty eight) is

divided into 6.058.999 (six million, fifty eight thousand, nine hundred and

ninety nine) ordinary registered shares at LTL 12 (twelve) par."

13) authorise the Board of AB Ūkio Bankas to register amendments to the

Articles of Association regarding the increase of the authorised capital with

the Lithuanian Bank.





Lina Semėnaitė

Information specialist

(22) 72 18 58