LIETUVOS ZEMES UKIO BANKAS

MATERIAL EVENT



SHARE CAPITAL INCREASE WAS REGISTRED



(Unofficial translation done at the NSEL)





On 13 December 2002, an increase of the share capital of

Lietuvos Žemės Ūkio Bankas AB up to LTL 176 585 430 was registered in

the Register of Enterprises.





Imandra Daukšienė

Public relations officer

(370 5) 239 34 13