Preliminary operating result for the first half year of 2007


Report on the Stock Event

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

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. According to the pre-audited data, during the first half year of 2007 Šiaulių bankas AB has earned the net profit of LTL 20.541 million (EUR 5.949 million).

4. The report is not confidential.

5. Vita Adomaitytė is authorized by the issuer to provide additional information on the stock event and is available on tel.: +370 41 595 606.

Deputy Chief Executive Officer    Donatas Savickas

09 July 2007