Vilnius Stock Exchange has imposed penalties on its members

On March 13, 2007, the Management Board of the Vilnius Stock Exchange (VSE) has
decided to impose penalties on the following three members for breaching the
requirements of the VSE Trading Rules: AS Hansapank, AS SEB Eesti Uhispank and
AS Suprema Securities. All these members had breached item 35.12 of the VSE
Trading Rules and had failed to ensure on time a sufficient amount of
securities and (or) cash for settlement of transactions concluded on the VSE.
In accordance with item 70.7 of the VSE Trading Rules all above-mentioned
members were fined. 

AS Hansapank was penalized with the fine in amount of LTL 305.65 (EUR 88.52)
for failing on the settlement day to ensure a sufficient amount of securities
and (or) cash for settlement of 2 automatched trades concluded on February 15,
2007. The total value of these trades amounted to LTL 5,645 (EUR 1,634.91). 

AS SEB Eesti Uhispank was penalized with the fine in amount of LTL 5,976.25 
(EUR 1,730.84) for failing on the settlement day to ensure a sufficient amount
of securities and (or) cash for settlement of 2 automatched trades concluded on
February 8 and February 13, 2007. The total value of these trades amounted to
LTL 6,201,123.68 (EUR 1,795,969.56). 

AS Suprema Securities was penalized with the fine in amount of LTL 304.92 (EUR
88.31) for failing on the settlement day to ensure a sufficient amount of
securities and (or) cash for settlement of 1 automatched trade concluded on
February 9, 2007. The total value of this trade amounted to LTL 4,920 (EUR
1,424.93). 

In accordance with item 35.12 of the VSE Trading Rules, the VSE Member is
responsible at all times for delivery and settlement of securities in
accordance with the conditions governing the transaction. 

Item 70.7 of the VSE Trading Rules establishes that the Board of the VSE may
impose a penalty on the VSE Member that fails to ensure on time a sufficient
amount of securities and (or) cash for settlement of transactions concluded on
the VSE. In such a case, a penalty in the amount of LTL 300 plus 0.1% (but no
more than LTL 2,000) of the value of the suspended trades shall be imposed for
each day of suspension. 

For more information, please contact:
Gintare Blazyte, 
Communication Manager, Vilnius Stock Exchange 				 +370 5 272 13 71
Vilnius Stock Exchange has imposed penalties on its members for breaching requirements of the Trading Rules
