BANKAS SNORAS

MATERIAL EVENT



DECISIONS ADOPTED AT THE GENERAL SHAREHOLDERS’ MEETING



On 14 December 2001, the extraordinary meeting of shareholders’ of AB Bankas

SNORAS took place. At the meeting it was decided to:

1) Increase the authorised capital of AB Bankas Snoras to LTL 1,337,267,200

by additionally issuing 120,000,000 ordinary registered shares at LTL 10 par,

the issue price is LTL 10. The total nominal value is LTL 1,200,000,000, the

issue price of all shares is LTL 1,200,000,000. Pursuant to the decision of

the general meeting, shareholders’ will not have the pre-emptive right to

acquire shares of the new issue.

2) Change the Bank’s statute by increasing the number of members of the Bank’s

Council from 5 to 7.





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