BANKAS SNORAS

MATERIAL EVENT



DISTRIBUTION OF A NEW SHARE ISSUE



On 6 March 2002, AB Bankas Snoras distributed all shares of the new issue.

Since all 120,000,000 ordinary registered shares have been subscribed for, the

process of the subscription shall be deemed completed.





Sigita Vasiliauskienė

FMS corporate finance expert

8(22)652867