Regarding resolutions of the shareholder and re-election of management for a new term

On 18 March 2010 the sole shareholder of AB DnB NORD Bankas, company code
112029270,VAT payer code LT120292716, registered office at J. Basanavičiaus St.
26, Vilnius, the data is collected and stored at the Register of Legal Entities,
(hereinafter - the “Bank”) Bank DnB NORD A/S decided:

1. to acknowledge of 2009 Consolidated Annual Report of the Bank;
2. to approve separate and consolidated financial statements of the Bank of
2009; 
3. to distribute the profit (loss) of the Bank. It was decided to transfer the
amount of LTL 208.3 million (EUR 60.3 million) from the Bank's mandatory
reserve and reserve capital to cover the Bank's distributable loss. It was also
decided to transfer the amount of LTL 127.1 million (EUR 36.8 million) in
retained loss to the next financial year; 
4. to elect close stock company „Ernst & Young Baltic“ as an audit firm to
perform audit of the annual financial statements of the Bank for the year 2010
and to authorize the president of the Bank to establish the other terms and
conditions of the Agreement on auditing services with audit firm according to
the approved by the sole shareholder remuneration amount; 
5. to re-elect to the Supervisory Council for the new four-year term of office:
5.1. Thomas Stephan Buerkle;
5.2. Jekaterina Titarenko;
5.3. Margrethe Melbye Gronn;
5.4. Andris Ozolinš;
5.5. Cord Friedrich Konrad Meyer;
5.6. Torstein Hagen;
5.7. Tony Samuelsen.

On 18 March 2010 the Supervisory Council of the Bank elected Thomas Stephan
Buerkle as the chairman and Torstein Hagen as the vice-chairman of the Bank's
Supervisory Council. The Supervisory Council also re-elected the six-member 
Management Board of the Bank, i.e. Werner Heinz Schilli, dr. Vygintas Bubnys,
Ramūnas Abazorius, Gundars Andžans, Fredrik Johannes Borch and Šarūnas
Nedzinskas  to a new four-year-term in office. 

It the meeting of the Bank's Management Board held on 18 March 2010, Werner
Heinz Schilli was re-elected as the chairman of the Mangement Board and as the
president of the Bank. Dr. Vygintas Bubnys was re-elected as the vice-chairman
of the Management Board. Dr. Vygintas Bubnys, Ramūnas Abazorius, Gundars
Andžans, Fredrik Johannes Borch, Šarūnas Nedzinskas were also appointed as
executive vice-presidents of the Bank. 

Andrius Vilkancas
Press Officer
tel. +370 5 239 3413