The offering of shares of the new issue will commence on 09-05-2007. The issue price of one share is LTL 3,40 (EUR 0.9847). Shares will be offered at 7 A.Vivulskio str., Vilnius and branches of the Bank with their addresses and office time specified in the prospectus. Share offering will be carried out in the following manner and stages: 09 05 2007 the subscription rights shall be attributed free of charge to those, who where holders of ordinary registered shares of the Bank on the date of general shareholders meeting, wherein decision to increase statutory capital of the Bank was taken, i.e. on 7 December, 2006. 3 (three) subscription rights shall be attributed to each ordinary registered share. Validity duration of subscription rights is 30 days since the date of common subscription rights account opening. Stage I. From 09 05 2007 until 07 06 2007 shares will be offered only to persons holding subscription rights in their personal securities accounts. Subscribed shares shall be paid for within three working days following the signature of share subscription agreement. AB bankas Snoras will inform about the remaining number of unsubscribed shares in the notification on Vilnius Stock Exchange and the Bank's websites on 12 06 2007. Stage II. From 13 06 2007 until 26 06 2007 shares will be offered only to AB bankas Snoras preferrence shares shareholders in proportion to their shares held on the day of the General Meeting of 07 December 2006. Subscribed shares shall be paid for within three working days since the signing of the contract. AB bankas Snoras will inform about the remaining number of unsubscribed shares in the notification on Vilnius Stock Exchange and the Bank's websites on 02 07 2007. Stage III. Shares will be offered to all investors applying for the purchase of AB bankas Snoras shares remaining after Stage II in proportion to the number of shares specified in their application. Investors applications will be accepted from 03 07 2007 until 05 07 2007. Subscribed shares shall be paid for within three calendar days since the signing offered. On 09 07 2007 shares will be distributed against submitted applications. Contracts and applications shall be signed at AB bankas Snoras or the Bank's branches personally by the investor or his proxy, i.e. contracts and applications will be not be accepted by fax, e-mail or any other form of delivery. Share prospectus is available at AB bankas Snoras headquarters or the Bank's branch and on the Bank's website www.snoras.lt. Vladimir Streckij Director of Finance Brokerage Department (+370 5)2327212
Offer to exercise the right of pre-emption to purchase new AB bankas SNORAS ordinary registered share issue
| Source: Bankas Snoras AB