The amended Charter has been registered after the increase of the authorized capital


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 18 December 2006 the Charter of Šiaulių bankas AB with the increased authorized capital was registered in the Legal Entities Register. The authorized capital of the bank after the increase has reached LTL 109 039 200  (EUR 31 579 935). The nominal value of a 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 595653.

Deputy CEO
Donatas Savickas
19 December 2006