Increased authorized capital was 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 Committee of the Republic of Lithuania, to Vilnius Sock Exchange AB and to the daily newspapers “Lietuvos rytas” and “Šiaulių kraštas”.

3. On 11 May 2006, the Charter of Šiaulių bankas AB with the increased authorized capital was registered in the Department of Register of Legal Entities. The authorized capital of the bank after the increase has reached LTL 94 039 200 (EUR 27 235 635). The nominal value of a share is LTL 1.

4. The report is not confidential.

5. A person authorized by the issuer to provide the additional information on the stock event - Pranas Gedgaudas, tel.: +370 41 595653

Deputy CEO Donatas Savickas
12 May 2006