SIAULIU BANKAS

MATERIAL EVENT



REGISTRATION OF THE CAPITAL INCREASE



(Unofficial Translation Done at the NSEL)



On 10 June 2004, a new wording of the Statute of Siauliu Bankas AB with the

increase of capital was registered at the Register of Enterprises.

The Bank’s share capital after the increase is LTL 52,750,000; the nominal

value of one share is LTL 1.





Pranas Gedgaudas

Head of Financial Brokerage Division

(+370-41) 595653