On 18 November 2010 the Extraordinary General Meeting of Shareholders of Šiaulių bankas AB (the address of head office Tilžės str. 149, Šiauliai, the company code 112025254) is convened. The place of the meeting - the assembly hall of J. Janonio gymnasium, at the address: Tilžės str. 137, Šiauliai. The Meeting starts - at 3 p.m. (registration starts at 2 p.m.) The Meeting's accounting day - 11 November 2010 (The persons who are shareholders of the Bank at the end of accounting day of the General Meeting of Shareholders or authorized persons by them, or the persons with whom shareholders concluded the agreements on the disposal of voting right, shall have the right to attend and vote at the General Meeting of Shareholders). The rights accounting day - 2 December 2010 (the shareholders will use property rights arising from the resolutions accepted during the General Meeting of Shareholders on a ratio basis of number of shares at the end of the rights accounting day). The Bank's Board initiates and convenes the meeting. Agenda of the meeting Regarding the increase of the authorized capital of the Bank by additional contributions. Regarding the amendments of the Bank Charter. The Bank shall not provide the possibility to participate and vote in the Meeting through electronic communication channels. Draft resolutions on each agenda issue, documents be submitted to the General Meeting of Shareholders and other information related with the exercising of the shareholders' rights will be available on the website of the Bank www.sb.lt on menu item “Investors” not later than 21 days before the Meeting. This information will be also available for the shareholders at the head office of the Bank (Tilžės street 149, Šiauliai) in the rooms No 201 and 202, from 7.30 am. till 4.30 pm. (tel. +37041 595 653 and 595 669). Shareholders that grant at least 1/20 of all votes shall have the right of proposing to supplement the agenda of the Meeting by providing the Meeting draft resolution on each additionally proposed issue or in case no resolution is required - the explanation. The proposals to supplement the agenda shall be submitted in writing or by e-mail. The proposals shall be presented in writing to the Secretariat on business days or by sending it by registered mail at the address: Šiaulių bankas AB, Tilžės street 149, LT-76348 Šiauliai. The proposals submitted via the e-mail shall be sent on vp.apskaita@sb.lt. The proposals to supplement the agenda with the additional issues shall be submitted till the 4 November 2010, 4 pm. In case the agenda of the Meeting is supplemented the Bank will report on it no later than 10 days before the Meeting in the same ways as on convening of the Meeting. Shareholders holding shares that grant at least 1/20 of all votes shall have the right of proposing new draft resolutions on the issues already included or to be included in the agenda of the Meeting. The proposals shall be submitted in writing or by e-mail. The proposals shall be presented in writing to the Secretariat on business days or by sending it by registered mail at the address Šiaulių bankas AB, Tilžės street 149, LT-76348 Šiauliai till 18 November 2010, 12:00. The proposals submitted in writing will be discussed during the meeting in case they are received in the Bank till the meeting date (18th November, 2010) 12:00. During the Meeting the proposals shall be submitted to the Chairman of the Meeting after he announces the Meeting agenda and no later than the Meeting starts working on the issues of agenda. The proposals submitted via the electronic mail shall be sent on vp.apskaita@sb.lt. The proposals submitted on this e-mail till the 18th November, 2010, 12:00 will be discussed during the Meeting. The shareholders shall have the right to present questions related to the General Meeting of Shareholders' agenda issues to the Bank in advance in writing. The shareholders shall present the questions not later than 3 business days before the Meeting via the electronic mail on vp.apskaita@sb.lt. The Bank undertakes to respond to the submitted questions via the electronic mail till the Meeting day, except the questions related to the Bank's commercial secret and confidential information. During the registration to attend the Meeting the shareholders or the persons authorized by them shall submit a document which is a proof of his/her identity. The shareholders' authorized persons shall submit the power of attorney confirmed by the established order. The power of attorney issued by the natural person shall be notarized. A power of attorney issued in a foreign state must be translated into Lithuanian and legalized in the manner prescribed by law. Representative can be authorized by more than one shareholder and shall have a right to vote differently under the orders of each shareholder. The shareholder holding shares in the Bank, where the shares have been acquired on his own behalf, but for the benefit of other persons, must disclose before voting at the General Meeting of Shareholders to the Bank the identity of the final customer, the number of shares that are put to the vote and the content of the voting instructions submitted to him or any other explanation regarding the participation agreed upon with the customer and voting at the General Meeting of Shareholders. Shareholder shall also have the right to authorize through electronic communication channels another person (natural or legal) to participate and vote in the Meeting on shareholder's behalf. Such authorization shall not be confirmed by the notary officer. The power of attorney issued through electronic communication channels must be confirmed by the shareholder with a safe electronic signature developed by safe signature equipment and approved by a qualified certificate effective in the Republic of Lithuania. The shareholder shall inform the Bank on the power of attorney issued through electronic communication channels by e-mail vp.apskaita@sb.lt no later than the last business days before the meeting at 4 p.m. The power of attorney and notification shall be issued in writing. The power of attorney and notification to the Bank shall be signed with the Electronic Signature but not the letters sent via the e-mail. By submitting the notification to the Bank the shareholder shall include the Internet address from which it would be possible to download free of charge software to verify an Electronic Signature of the shareholder. Each shareholder or representative thereof shall have the right to cast his/her vote in advance in writing by filling in a general ballot paper. The general ballot paper form is on the Bank's website www.sb.lt on menu item “Investors”. Upon the written shareholder‘s request, the Bank no later than 10 days before the Meeting shall send a general ballot paper by registered mail or hand it in person against signature. The general ballot paper filled shall be signed by the shareholder or his/her representative. In case the ballot paper is signed by the shareholder's authorized representative, such person along with the filled ballot paper shall submit the document to confirm the voting right. The ballot paper filled and the document confirming the voting right (if required) shall be submitted in a written form to the Bank by registered mail at the address Šiaulių bankas AB, Tilžės street 149, LT-76348, Šiauliai or by submitting it to Secretariat. Validated will be dully filled-in ballot papers, received until the meeting. The following information and documents during the whole period, starting no later than 21 days before the Meeting, are available on the website of the Bank www.sb.lt on menu item “Investors”: - report on the convening of the Meeting; - the total number of the Bank's shares and the number of shares with voting rights on the convening day of the Meeting; - draft resolutions on each agenda issue and other documents to be submitted to the Meeting; - general ballot paper form; - form of the power of attorney to represent the shareholder. This report on the stock event is not confidential. Director of the Treasury Department Pranas Gedgaudas is authorized by the issuer to provide additional information on the stock event and is available on tel.: +370 41 595653.