An application submitted for a bond issue listing


Report on The Stock Event

1. Šiaulių bankas AB, (enterprise code 112025254), with the registered address at Tilžės g. 149, Šiauliai, Lithuania

2. This report is submitted to the Securities Commission of the Republic of Lithuania, to AB Vilniaus Vertybinių Popierių Birža and to the daily newspapers “Lietuvos rytas” and “Šiaulių kraštas”.

3. On 23 June 2006, Šiaulių bankas AB submitted an application to Vilnius Stock Exchange regarding the enrolment of a EUR 10 million two-year bonds into the Debt Securities List of Stock Exchange. This bond issue has been issued in accordance with the Šiaulių bankas debt securities issuance programme at EUR 45 million in value. The bond issue ISIN code – LT1000402016, a bond type – ordinary registered bonds, an issue size – 100.000 units, a nominal value – EUR 100, an annual coupon – 4,6 per cent, annual coupon payoffs on 17/05/2007 and 19/05/2008; redemption on 19/05/2008.

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 595653.

Chief executive officer
Algirdas Butkus

27 June 2006