AB Siauliu bankas                 Release                2005-09-13



DRAFT RESOLUTIONS CONCERNING AGENDA ISSUES OF THE EXTRAORDINARY GENERAL

SHAREHOLDERS MEETING WHICH IS GOING TO BE HELD IN 23 SEPTEMBER 2005



Bank Board On 09 September 2005 Board's Meeting had confirmed draft resolutions

concerning agenda

issues of the extraordinary general shareholders



1 issue on the agenda. Amendments in the Charter of the Bank

Draft resolution.

1) -5) To amend Sections 7.1., 7.6., 7.8., 7.10., 7.12. of the Charter;

    6) To authorize Chairman of the Board  Algirdas  Butkus  to  sign  the  amended

      Charter.



2 issue on the agenda. Election of the Council Members

Draft resolution.

To elect into the Council candidates out of the recommended  in  the  Meeting  who

receive the

greatest number of votes.



3 issue on the agenda. The increasing of  the  authorized  capital  by  additional

contributions

Draft resolution.

   1) To increase Bank's authorized capital by  additional  contributions  of  LTL

      10.000.000 by

issuing 10.000.000 ordinary registered shares of LTL 1 nominal value each.

   2) To rate a price of LTL 1.70 per share of the new share issue.

   3) To disseminate this share issue only to the  Bank's  shareholders  on  three

      stages:

         - on the first stage that is not shorter than 15  days  and  not  longer

           than 30 days to disseminate the shares in proportion to the number of 

           shares owned on the Meeting day;

         - on the second stage that is not shorter than 15 days  and  not  longer

           than 25 days to

        disseminate the rest of  the  shares  in  accordance  with  shareholders' 

        applications, in proportion to the requested number of shares, reffering 

        to the number  of  shares owned on the Meeting day;

         - on the third stage on the behalf of the Board's  resolution  to  allow

           shareholders on request  to sign and pay for the shares, signed by  the

           shareholders  on the second stage,but did not paid within the fixed

           period.

   4) To assign  the  Bank's  Board  to  confirm  the  specified  order  of  share

      dissemination and payment and to submit it on the share issue prospectus.



4 issue on the agenda. Amendments in the  Charter  due  to  the  increase  of  the

capital

Draft resolution.

      1) In case all the shares are disseminated within the set period,  to  amend

Section 3.5. ofCharter and to arrange it as follows:

"3.5. The authorized capital of the Bank is total amount of the par values of  all

the registered shares. The authorized capital of the Bank is LTL  84720000  

(eighty-four  million seven hundred twenty thousand). It is divided into 84720000 

(eighty-four million  seven  hundred twenty thousand)ordinary registered shares. 

Par value of one share is LTL 1 (one)."

      2) In case not all the shares are disseminated within the  set  period,  the

authorized capital is considered as increased in the amount of nominal value of the 

signed  shares  and the Board isassigned to amend Section 3.5 of the Charter.

      3) to authorize Chairman of the Board Algirdas Butkus to  sign  the  amended

Charter.



      Deputy Chairman of the Bank Board            Donatas Savickas