OREANDA-NEWS. September 09, 2009.

1. Selection of the audit company and payment conditions of audit services for the UAB Lithuanian Mint

The Board of the Bank of Lithuania resolved to select the audit company Apskaitos ir kontroles UAB ”Auditas” (Accounting and Control UAB Audit) for the audit of the Financial Statements of the UAB Lithuanian Mint of 2009 by paying LTL 12 600 and VAT for rendered audit services.

The proprietary rights and obligations of the UAB Lithuanian Mint operating in Vilnius are exercised by the Bank of Lithuania.

2. Supplement to the Board of the Bank of Lithuania Resolution No. 182 of 20 November 2008 “On the Plan of the Issue of Collectors’ (Commemorative) Coins in 2010-2011”

According to a resolution of the Board of the Bank of Lithuania, the Bank of Lithuania will issue into circulation four commemorative (collectors’) silver coins in the mintage of 10 000 pieces each, and a gold coin (weight of 1 ounce) in 5 000 pieces of mintage. This is envisaged in the supplemented Plan of the Issue of Collectors’ (Commemorative) Coins in 2010-2011.

Next year it is planned to issue a 500 litas denomination gold coin dedicated to the 600th anniversary of the Battle of ?algiris, as well as a 50 litas denomination silver coin and 1 litas denomination cupper and nickel alloy coin to commemorate the same event (the mintage of the latter coin - 1 million pieces).

Also, a 10 litas denomination coin dedicated to music (from the series “Lithuanian Culture), 50 litas denomination silver coins dedicated to the Birzai Castle (from the series ”Historical and Architectural Monuments of Lithuania” ) and to the Lithuanian nature will be issued in 2010.

3. Awarding of the Vladas Jurgutis scholarship

The Board of the Bank of Lithuania awarded Vladas Jurgutis scholarships to Kristina Palaikyte, a 4th year finance student of the Economics Faculty from Vilnius University, and Arwid Uzdzilo, a 2nd year master student in finance and banking of the Economics and Management Faculty from Vytautas Magnus University. They will be paid from 1 September 2009 to 1 July 2010.

The Vladas Jurgutis scholarship was established in 1990. It is awarded for one academic year to two best full-time students of banking and finance at universities of the Republic of Lithuania. Candidates for the scholarship are nominated by university faculties with banking and finance departments. Decisions on awarding the scholarship are taken by the Board of the Bank of Lithuania. The scholarship equals the minimum monthly wage.

A number of students having been awarded this scholarship, after completion of their studies, began working at the Bank of Lithuania and the European Central Bank.

4. Acquisition of a qualifying holding in the AB Bank Finasta authorised capital and/or voting rights.

The Bank of Lithuania has received notifications of two legal entities and seven physical persons on the intention to indirectly acquire a share of a qualifying holding in the AB Bank Finasta authorised capital and/or voting rights giving the right of controlling AB Bank Finasta.

The Bank of Lithuania Board resolved not to oppose an indirect acquisition by UAB ”SNORO Investicijo valdymas”, AB Bank SNORAS and natural persons Raimondas Baranauskas, Sigita Baranauskiene, Naglis Stancikas, Romasis Vaitiekunas, Gitanas Kancerevycius, Ausra Izickiene and Vladimiras Antonovas of a share of a qualifying holding in the AB Bank Finasta authorised capital and/or voting rights giving the right of controlling AB Bank Finasta when UAB ”SNORO Investiciju valdymas” acquires 100 % ordinary registered shares of the sole shareholder AB ”Finasta imonio finansai” of AB Bank Finasta.

AB ”Invalda” is the sole shareholder of AB ”Finasta amoniu finansai ”.

According to presented documents, AB Bank SNORAS is the sole founder and shareholder of UAB ”SNORO Investiciju valdymas”.

Raimondas Baranauskas, Sigita Baranauskiene, Naglis Stancikas, Romasis Vaitekunas, Gitanas Kancerevycius, Ausra Izickiene and Vladimiras Antonovas are AB Bank SNORAS shareholders, holding jointly 92.2992 per cent votes of AB bank SNORAS in general shareholders meetings.