SIAULIU BANKAS

MATERIAL EVENT



ADOPTED DECISIONS OF A GENERAL SHAREHOLDERS’ MEETING



On 29 March, 2000 a general shareholders’ meeting was held. At the meeting the

following decisions were adopted.

1. Report of the Board on the Bank’s activity in 1999 was approved;

2. Financial statements of 1999 were approved;

3. Profit distribution was approved;

4. Estimate income and expenses account for 2000 was approved;

5. Amendments to the Articles of Association were approved;

6. A. Salda, V. Junevičius, K.J. Vyšniauskas, R. Valskis, S. Baguckas,

A. Žiugžda, A. Ignotas, and Abdulaziz Al-Brahim were elected members of the

Supervisory Board of the Bank;

7. K. Katilius was elected internal auditor; his remuneration was established;

8. The Board of the Bank was authorised to adopt decisions regarding purchase

of audit services under agreement from the enterprises providing such services

and regarding payment for such services.

According to the profit appropriation approved by the meeting, shareholders’

shall be paid dividends amounting to 4 percent of the ORS nominal value.

Shares of LTL 50 par value are allocated  LTL 2 dividend each. Holders of the

company’s shares by March 29, 2000 shall be entitled to dividends.





Lina Semėnaitė

Information specialist

(22) 72 18 58