SIAULIU BANKAS

MATERIAL EVENT



CONVOCATION OF THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS



(Unofficial translation done at the NSEL)



According to the decision of the Management Board of the Bank as of 23 July

2003 an extraordinary general meeting of shareholders of Siauliu Bankas AB will

be held on 3 September 2003 at 16:00 in the premises of the bank located at

Vilniaus 167, Siauliai. Registration starts at 15:00.



On the agenda:



1)Increase of the bank’s share capital;

2)Granting no preemptive right to shareholders to acquire shares of a new share

issue;

3)Change of the Statutes of the bank.



The documents related to the agenda of the meeting are available from 4 August

2003 at Tilzes 149, Siauliai, Room 214; working hours are: 7:30-11:30, 12:30 –

16:30.





Pranas Gedgaudas

Head of Financial brokerage division

(370 41) 595653