Šiaulių bankas AB             Release                     14 September 2005



Syndicated Loan Agreement has been signed



On 13 September 2005, Šiaulių bankas AB and EBRD signed a Syndicated Loan

Agreement according to which Šiaulių bankas was granted a EUR 12 million (LTL

41,434 million) syndicated loan by EBRD.



Deputy Chairman of the Board

Donatas Savickas