CORRECTION: Bankas SNORAS has distributed its debut

Bankas SNORAS has issued its debut Euro-denominated 3-year Eurobond. The
nominal amount of the issue is EUR 175 million (LTL 604.24 million), with a
coupon of - 7 per cent. The maturity date of the Eurobonds are 21 May 2010. The
issue will be listed on London Stock Exchange. The Eurobonds will be rated at
the same level as the Issuer(Ba3/BB-/BB-). 


Vladimir Streckij
Director of Finance Brokerage Department
(+370 5)232 72 12

CORRECTION: Bankas SNORAS has distributed its debut Euro-denominated 3-year Eurobond issue.