Bankas Snoras AB

Company event



Regarding the annual general meeting of shareholders



By the resolution of the Board of Bankas Snoras (company code 112025973) located

in   A.Vivulskio g. 7, Vilnius, an annual GMS of the bank to be held on March

30, 2005 is being convened.

The meeting starts at 2.00 p.m.

The venue of the meeting is the conference hall of the Crown Plaza hotel located

in M.K.Ciurlionio g. 84, Vilnius.

The registration date of the meeting is March 22, 2005.



On the Agenda:

1. Approval of the 2004 Annual Report of the Board of Bankas Snoras AB.

2. Consideration and approval of the 2004 Financial Statements.

3. Distribution of the 2004 bank profit.

4. Removal of the Bank's Internal Auditor and recognition as void of the

Regulation of the Bank's Internal Auditor.

5. Election of the firm of auditors and establishment of the terms of

remuneration for audit services.

6. Increase of the bank capital by additional contributions.

7. Establishment of the terms of offering of the new share issue.

8. Amendments to the Bank Statutes related to the increase of the authorized

capital.

9. Other issues.

The initiator of the general meeting of shareholders is the Board of the Bankas

Snoras AB.





Vladimir Streckij

Director of Finance Brokerage Department

(+370 5) 652662