After the increase of the authorized capital the amended Charter has been registered


Report on the stock event

1.  Šiaulių bankas AB, the enterprise code 112025254, the address Tilžės St. 149, Šiauliai.

2.  This report is submitted to the Securities Commission of the Republic of Lithuania, to Vilnius Stock Exchange AB, to the daily newspapers “Lietuvos rytas” and “Šiaulių kraštas”.

3. On 28 September 2007 the Charter of Šiaulių bankas AB with the increased authorized capital was registered in theRegister of Legal Entities. The authorized capital of the bank after the increase has reached LTL 161,033,512 (EUR 46,638,529). The par value per share is LTL 1.

4. The report is not confidential.

5.  Pranas Gedgaudas is authorized by the issuer to provide additional information on the stock event and is available on tel. +370 41 595 653.

Chief Executive Officer Algirdas Butkus