The Shares of Šiaulių Bankas AB have been enrolled into the Official Trading List

2006-12-11

The Shares of Šiaulių Bankas AB have been enrolled into the Official Trading List

Today (Dec.11th) the shares of Šiaulių bankas are being enrolled into the Official Trading List of Vilnius Stock Exchange. The Meeting of the OMX Vilnius Board approved this decision on December 1st this year. Up to now the Bank’s shares have been quoted on the Current Trading List.

“Since today we are going to have the second enterprise from the Lithuanian financial sector, the shares of which are quoted on the Official Trading List of Vilnius Stock Exchange and in common Official Trading List of Stock Exchange of Baltic countries. Besides, since December 4th the shares of Šiaulių bankas are being enrolled into the comparative index of OMX Baltic Benchmark, which indicates that this company is liquid, of high capitalization with the sufficient number of shares circulating in the market,”- said Arminta Saladžienė, Chairperson of the Board of Vilnius Stock Exchange.

“We are of the opinion that the issuer has to take care of its shares and make them attractive applying particular actions, - says Algirdas Butkus, Chairman of the Bank’s Board. – At the moment we are not planning to change our strategy of issuing shares from the Bank’s own funds and increasing the Bank’s authorized capital by additional contributions when the shares are disseminated to the shareholders at a lower price. We have noticed that a good three-year experience is started to be applied by other banks of Lithuania.

On Dec. 8th this year the capitalization of the Bank comprised LTL 347.945.040. The Bank’s authorized capital is LTL 94.039.200 which is comprised by 94.039.200 of shares with nominal value of LTL1. On September 30th 2006 the capital and reserves of Šiaulių Bankas comprised LTL 117.162 thou. During the three quarters according to the pre-audited data the Bank has earned LTL 117.162 thou in net profit. In 2005 and 2004 the net profit reached respectively LTL 8.103 thou and LTL 4.440 thou.

As for October 31st 2006 the shareholders of Šiaulių bankas possessing equity right for more than 5 per cent of the authorized capital were the European Bank for Reconstruction and Development – 16,06 per cent, Skandinaviska Enskila Banken – 6,12 per cent, Trade House “Aiva” UAB - 6,07 per cent and Gintaras Kateiva – 5,61 per cent.