A loss of a share package


Report on the stock event

1. Šiaulių bankas AB, the enterprise code 112025254, the address Tilžės st. 149, Šiauliai.

2. This report is submitted to the Securities Commission of the Republic of Lithuania, to Vilnius Stock Exchange, to the daily newspapers „Lietuvos rytas” and „Šiaulių kraštas”.

3. After implementation of inter-liabilities according to the purchase-sales agreement signed on 24 April 2007, Šiaulių bankas AB lost 99.86% share package of „Pajūrio Alka” UAB on 25 May 2007.

4. The report is not confidential.

5. Pranas Gedgaudas is authorized by the issuer to provide additional information on the stock event and is available on tel. (+370 41) 595 653.


Chief executive officer    Algirdas Butkus

28 May 2007