Offer to exercise the right of pre-emption to purchase new AB bankas SNORAS ordinary registered share issue

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