Regarding the extraordinary General Meeting of Shareholders


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. Regarding the resolution of the Bank Board an extraordinary General Meeting of Šiaulių Bankas AB Shareholders is convened at 3 pm on July 4, 2006 in the assembly hall of J. Janonio gymnasium, address: Tilžės st. 137, Šiauliai. Registration starts at 2 pm.

1. Regarding the increase of the Bank’s authorized capital by additional contributions.
2. Regarding the amendments in the Charter.

The Meeting’s accounting day – 28 June 2006
The shareholders can familiarize with the documents connected with the Meeting’s agenda in the Bank’s premises (Tilžės st.149, room 214, business hours 7:30 – 11:30, 12:30 – 16:30) from 23 June 2006.

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

22 May 2006