LIETUVOS ZEMES UKIO BANKAS

MATERIAL EVENT



RESOLUTIONS OF AN EXTRAORDINARY MEETING OF SHAREHOLDERS  OF LZUB AB



(Unofficial translation done at the NSEL)



On 25 March 2003 at 9 a.m. a general meeting of shareholders of Lietuvos Žemės

Ūkio Bankas AB took place at J.Basanavičiaus st. 26, Vilnius, and adopted the

following resolutions:

1. Approve the report of the Bank’s Board on the Bank’s activity in 2002.

2.1. Consider the auditor’s report.

2.2. Approve the report of the Bank’s internal auditor.

3. Approve the Bank’s financial statements for 2002.

4.1. Approve the distribution of 2002 profit (loss).

4.2. Reduce the long-term assets revaluation reserve by LTL 2 816 thous.

allocated to the item “sold or written-off assets” and to put this sum to the

inventory. 

4.3. Carry the loss of  LTL 22 019 thous. forward to the following financial

year.

5. Approve the Bank’s estimate income and expenditure in 2003.

6. Select PricewaterhouseCoopers UAB as an audit firm of the Bank for

2003-2005  and settle remuneration conditions.

7. Change the current name of the Bank public company Lietuvos Žemės Ūkio

Bankas to the new name public company Bank  NORD/LB Lietuva.

8. Approve the new version of the Statutes of the Bank.





Imandra Daukšienė

Press officer

(370 5) 239 34 13