UKIO BANKAS

MATERIAL EVENT



EXTENTION OF SHARE ISSUE DISTRIBUTION TERM



On 24 February, 2000 the sitting of the Securities Commission (minutes

No.5, paragraph 10) prolonged the distribution term of AB Ūkio Bankas

ordinary registered shares (par value 12 LTL; number of shares 2, 000, 000;

total nominal value LTL 24, 000, 000;

issue price LTL 12) from 26 February, 2000 until 13 March, 2000. The share

issue was registered with the Securities Commission following the decision

(minutes No 28, paragraph 6.1) of the sitting of 19 November, 1999.

Securities are issued to increase the authorised capital from LTL 60, 000, 000

to LTL 84, 000, 000 out of supplementary contributions. The share distribution

term was prolonged on the basis of the decision of AB Ūkio Bankas Board's

sitting of 18 February, 2000 Persons who have already subscribed for the

issuer's securities, have a right to refuse during the period of 5 days after

the new information  has been disclosed. The issuer must return their

ontributions  without any deductions in 10 days.





Lina Semėnaitė

Information specialist

(22) 72 18 58