Regarding transactions concluded by managers of the bank

Šiaulių bankas AB publicly denies the fact that recently frequent transactions  
with the bank's shares concluded by managers of the bank are in a way related to
any publicly not disclosed bank's information. The following bank's activity    
trends have been declared during Šiaulių bankas presentation to investors in   
the meeting organized by Vilnius Stock Exchange, they have included the capital 
strengthening, investments into the financial institution operating abroad,     
development of the bank's network in Lithuania, intensive collaboration with    
foreign banks seeking to attract funding resources as well as expansion of the  
banking product range. These are the trends, however, not the particular        
decisions. At the moment the bank's bodies have not made any particular not     
publicly disclosed decisions regarding neither to the investment into the       
foreign financial institution nor to the implementation of other activity       
trends.                                                                         

Director of Treasury Department Pranas Gedgaudas tel.: +370 41 595653