OREANDA-NEWS. March 02, 2010. The amended Bylaws of AB DnB NORD Bankas (hereinafter - the “Bank”) were registered with the Register of Legal Entities. The amended Bylaws of the Bank provide that Supervisory council of the Bank shall be comprised of seven members, reported the press-centre of DnB NORD Bankas.

The amended wording of Article 7.1 of Chapter VII of the Bylaws of AB DnB NORD Bankas is as follows:

“7.1. The Supervisory Council of the Bank shall be a collegial supervisory body supervising the operation of the Bank. The Chairman of the Supervisory Council shall be in charge of the Supervisory Council. The General Meeting shall elect 7 Members of the Supervisory Council. At such election, every shareholder shall have the number of votes equal to the number of the votes granted by his/her shares multiplied by the number of the Supervisory Council Members to be elected. These votes shall be cast, at the shareholders' sole discretion, for one or for several candidates. The candidates who receive the greatest number of votes shall be elected. Should the number of the candidates who have received an equal number of votes be greater than the number of the vacancies on the Supervisory Council, a repeat voting shall be held, and in such voting each shareholder shall vote only for one of the candidates who have received the equal number of votes. The Supervisory Council shall be elected for the period of four years.”

The Bylaws of the Bank were amended in line with the resolution of the sole shareholder Bank DnB NORD A/S as of 17 February 2010.