BANKAS NORD/LB LIETUVA

MATERIAL EVENT



RESOLUTION OF THE EXTRAORDINARY GENERAL SHAREHOLDERS’ MEETING OF BANK NORD/LB

LIETUVA AB



(Unofficial translation done at the NSEL)



1. On 8 December 2003 (Monday), at 9 a.m., at the premises of Bank NORD/LB

Lietuva AB (in the hall of the 6th floor) at 26 J.Basanaviciaus St., Vilnius,

an extraordinary  general shareholders’ meeting of Bank NORD/LB Lietuva AB

(hereinafter – Bank) was held which has resolved the following:

1.1. to issue a share issue in order to increase the Bank’s share capital to

LTL 195,116,795 (one hundred ninety five million one hundred sixteen thousand

seven hundred and ninety five).

 To establish the following characteristics of the share issue:

(1)	type of shares according to the way of disposal – registered;

(2)	type of shares according to the rights attaching to them – ordinary;

(3)	par value per share – LTL 95 (ninety five);

(4)	number of shares –  195,067  (one hundred ninety five thousand and

sixty seven) units;

(5)	lowest price of the share issue – LTL 18,531,365 (eighteen hundred

million five hundred thirty one).

1.2. To offer the share issue only to shareholders of the Bank as of 8 December

2003. The payment for the shares of the issue is to be made in monetary

contributions only. Other conditions of the Bank’s share issue shall be

established in the Prospectus of the Bank’s Share Issue.

1.3.  To increase the Bank’s share capital by the amount of the total par value

of the distributed shares.

1.4.  To change the wording of item 3.3. of Chapter 3 of the Statute of the

Bank and read item 3.3. of Chapter 3 of the Statute of the Bank as follows:

“3.3. The Bank’s share capital is equal to the total par value of all

registered shares. The Bank’s share capital is  LTL 195,116,795 (one hundred

ninety five million one hundred sixteen thousand  seven hundred and ninety

five) divided into 2,053,861 (two million fifty three thousand eight hundred

and sixty one) ordinary registered shares. Par value per share is LTL 95

(ninety five).”

1.5.	To change the wording of item 11.1. of Chapter 11 of the Statute of the

Bank and read item 11.1. of Chapter 11 of the Statute of the Bank as follows:

“11.1. The Board of the Bank is a collegiate management body of the Bank

comprising five members. It governs the Bank, manages the Bank’s affairs,

 represents it and is liable for the Bank’s operations as prescribed by law.”





Ruta Blozyte

Public Relations Officer

(+370-5) 2393 730