BANKAS SNORAS

MATERIAL EVENT



DECISIONS OF THE GENERAL SHAREHOLDERS’ MEETING



On 29 March 2002, a general meeting of AB Bankas Snoras shareholders took

place. The meeting approved:

- report of the Bank’s Management Board on the Bank’s performance in 2001;

- audited financial statements of 2001;

- income/expenditure estimate for 2002;

- profit appropriation statement of 2002;

- report of the Bank’s internal auditor.

Deloitte & Touche was elected the company’s auditor, Virginija Svireviciene was

elected the Bank’s internal auditor.

The meeting resolved to pay dividends by allotting LTL 1,373thou or 1% of value

of all shares.

The meeting approved a new procedure of payment for a subscribed share issue

worth LTL 1.2 billion.





Sigita Vasiliauskienė

Corporate finance expert

8(22)652867