BANKAS SNORAS

MATERIAL EVENT



CONVOCATION OF AN EXTRAORDINARY GENERAL MEETING



(Unofficial translation done at the NSEL)



By resolution of the Board of 3 June 2003, an extraordinary General Meeting of

bank Snoras located at A.Vivulskio st. 7, Vilnius, is convened on 10 July 2003.

The meeting will take place in the bigger conference room of Centrum hotel

located at Vytenio st. 9/25, Vilnius.

The agenda includes:

1. Regarding specification of the bank’s estimate income and exenditure budget

for 2003.

2. Regarding amendments to the bank’s Statutes.

3. Other issues.

The meeting starts at 2 pm and the registration begins at 1 pm.

Participants must bring a personal identification document and an extract from

the personal securities account. Proxies must additionally have authorization

documents executed under the law.



For more information -  tel.: (8~5)265-26-62.





Sergej Lomovskoj

Director of the Finance Brokerage Department

(370 5) 265 26 62