Siauliu Bankas
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The information on the third stage of share offering

Šiauliai, Lithuania, 2011-06-20 08:08 CEST --  

The second stage of the offering of new share issue of 30 million shares at the issue price LTL 1.04 per share was finished on 17 June 2011. During the first and second stages there were disseminated 22,652,260 shares (75.51 percent of the issue).

According to the order of the offering set in prospectus, upon the decision of the Board of the Bank the third stage of the offering is to be started to offer remaining shares to all potential investors by applications.

 Information about the third stage of the offering:

• the beginning of the stage: 20 June 2011;
• the duration of the stage: 10 business days (until 4 July 2011);
• the shares shall be offered by applications to all investors;
• in order to prevent the risk that the demanded shares are not paid, the right to submit applications shall be granted to those potential investors who transfer a guarantee deposit to ensure the payment for the demanded shares;
• an investor may submit an application for acquisition of such a number of shares, the necessary amount for payment of which does not exceed the amount of the guarantee deposit transferred by the investor without exceeding the total number of shares that were not taken up on issue in the first and second stages, i.e. 7,347,740 shares;
• guarantee deposits to ensure the payment for the demanded shares should be transferred to the account No. LT787189900003910590 opened with Šiaulių Bankas AB.
• if the total number of demanded shares by all investors having submitted applications doesn’t exceed the number of shares that were not taken up on issue in the first and the second stages, the number of shares falling to investor equals to the number of shares indicated in the application and if the total number of demanded shares is bigger, the proportional allocation will be made;
• guarantee deposits to ensure the payment for the demanded shares transferred by the investor shall be used for the payment of shares assigned to the investor and subscribed to, and the Bank will transfer the funds to the capital accumulation account for the investor upon the share subscription agreement. If the investor‘s funds of guarantee deposits remain, the Bank shall reimburse them without any deduction and fees within three business days after the payment of subscribed shares during the third stage;
• the stage shall include the following actions:

1. from 20 June 2011 to 27 June 2011: reception of applications;
2. 28 June 2011: distribution of shares to persons having submitted applications;
3. from 29 June 2011 to 4 July 2011: subscription of and payment for the distributed shares.

The Share Issue Prospectus is available for review at the Bank's Head Office, at the address Tilžės St. 149, Šiauliai and in all territorial outlets of the Bank as well as on the Bank's website http://www.sb.lt/en/investors/prospectus_and_reports.

 The offering of the shares will take place in the Bank's Head Office at the address Tilžės St. 149, Šiauliai and in all regional outlets of the Bank. The addresses of places where the offering is to take place are listed in the Share Issue Prospectus and detailed information is available by calling the following telephone numbers: +370 841 595653, 595669, 595652, 500704, 595608, 500709, 595654.

 Chief Executive Officer Audrius Žiugžda