SIAULIU BANKAS

MATERIAL EVENT



CONVOCATION OF A GENERAL SHAREHOLDERS' MEETING



Following the decision of the Bank's Board, the general meeting of

AB Šiaulių Bankas shareholders will be held. The meeting will take place at

4pm on 29 March, 2000 at J.Janonis gymnasium assembly hall in Šiauliai,

137 Tilžės St.

On the agenda:

1) report of the Board on the Bank's activity in 1999;

2) report  of the internal audit commission on the annual financial statements;

3) approval of the financial statements of 1999 and of the Board's report;

4) approval of the distribution of profit;

5) approval of the estimate income and expenses account for 2000;

6) amendments to the Articles of Association;

7) election of the Supervisory Board;

8) election of the internal audit commission and establishment of renumeration

   for the internal audit commission;

9) settlement of audit services;

10)current issues.





Lina Semėnaitė

Information specialist

(22) 72 18 58