SIAULIU BANKAS

MATERIAL EVENT



PURCHASE OF OWN SHARES



At the sitting of the Supervisory Board of AB Šiaulių Bankas

of March 29, 2000 it was decided to buy up to 3 per cent of the Bank’s

shares. Limited distributed profit of LTL 2.9m, allotted under the

decisions of general shareholders’ meetings of March 24, 1997 and

March 26, 1998, shall be used for the buy up of the shares.





Lina Semėnaitė

Information specialist

(22) 72 18 58