The Convocation of the Extraordinary General Shareholders' Meeting

On the initiative and by the resolution of the Bank Board the Extraordinary     
General Shareholders' Meeting of Šiaulių Bankas AB is convened at 3 pm on 2 June
2009 in the bank's premises, address Vilniaus st. 167, Šiauliai. Registration   
starts at 2 pm.                                                                 

Agenda of the meeting:                                                          
1. Regarding the cancellation of the resolutions to increase of the bank's 
authorized capital and to amend the Bank's Charter passed on General            
Shareholders Meeting on 11 November 2008.                                       
2. Regarding the issue of convertible bonds. 
3. Regarding the cancellation of the preemptive right of shareholders to
acquire 
convertible bonds.                                                              
4. Regarding the increase of the bank's authorized capital, related to the 
conversion of convertible bonds.                                                
5. Regarding the amendment of Bank's Charter. 

The Meeting's accounting day - 26 May 2009                                      
The documents related to the Meeting's agenda will be available for the         
shareholders in the bank's premises - Tilžės st.149, Šiauliai, in the rooms No. 
201, 202 on business hours (7:30 - 11:30 am, 12:30 - 4:30 pm) from 22 May 2009. 
These documents also will be available on the bank's internet site www.sb.lt    
from 22 May 2009.                                                               
                                                                                
Director of the Treasury Department
Pranas Gedgaudas 
Tel.:  +370 41 595653