Presentation of activities and prospects of Šiaulių bankas AB October 1, 2009

Group’s structure 2 ŠIAULIŲ BANKAS, AB 1992 ŠIAULIŲ BANKAS LEASING (“Šiaulių banko lizingas”, UAB) 1999 Main activities: finance and operating leasing) Assets – LTL 146 564 thou 100% ŠIAULIŲ BANKAS INVESTMENT MANAGEMENT (“Šiaulių banko investicijų valdymas”, UAB) 2000 Main activities: financing of privatization of companies, restructuring and reorganization projects Assets – LTL 44 414 thou 100% ŠIAULIŲ BANKAS PROPERTY FUND (“Šiaulių banko turto fondas”, UAB) 2002 Main activities : long term investments into land and other real estate Assets – LTL 45 890 thou 100% 2 2

Network 3 3 Region Deposits, % Credits, % Šiauliai 29 37 Vilnius 19 17 Kelmė Šilutė Klaipėda Palanga Mažeikiai Kuršėnai Utena Telšiai Plungė Marijampolė Visaginas Druskininkai Birštonas Kaunas Alytus Radviliškis Panevėžys Anykščiai Kėdainiai Biržai Ukmergė Jonava Tauragė Vilkaviškis Skuodas Nida Baisogala Zarasai Rokiškis Kupiškis Varėna Region Deposits, % Credits, % Šiauliai 29 37 Vilnius 19 17 Kaunas 8 7 Klaipėda 14 12 Utena 13 4 Alytus 5 10 Other Total: 58 territorial outlets 3 3

Ratings provided by the international rating agencies Banking sector Market share, % Capital adequacy, % 1. AB SEB bankas 29.0 13.47 2. AB “Swedbank” 22.2 16.85 3. AB DnB NORD bankas 14.7 11.33 4. AB Bankas “Snoras” 6.5 8.42 5. AB Ūkio bankas 4.9 14.50 6. AB Šiaulių bankas 2.4 16.00 7. AB Parex bankas 1.8 12.95 8. UAB Medicinos bankas 0.9 20.65 9. AB Bankas Finasta n/a Ratings provided by the international rating agencies 17% 12% 28% 32% 54% 17% THE BANK Prospects C Caa3 CC Caa2 CCC Caa1 B- B3 B B2 B+ B1 BB- Ba3 BB Ba2 BB+ Ba1 BBB- Baa3 BBB Baa2 BBB+ Baa1 A- A3 A A2 A+ A1 AA- Aa3 AA Aa2 AA+ Aa1 AAA Aaa AB Šiaulių bankas negative   AB Bankas “Snoras” AB Ūkio bankas AB DnB NORD bankas AB SEB bankas Source: the Bank of Lithuania, International rating agencies 4

Prudential requirements limiting activity risks 17% 12% 28% 32% 54% 17% 5

Balance structure Asset structure Liabilities and shareholders’ equity % Asset dynamics September October November December January February March April May June July August 6 BANKING SECTOR 6

Customers 7 Customers’ segments Services Number of customers Small and medium-sized businesses Regional municipalities Private individuals, related to SMEs Services Settlements More tham 70 per cent of all the customers’ payment orders are provided through the bank’s Internet service system “SB linija”. Payment cards The bank distributes payment cards of “Visa” and “MasterCard” groups. Deposits Deposits – the bank offers 6 types of time deposits and 2 types of demand deposits. Credits Factoring, mortgage loans, consumer loans and SME credits. Investment services Two subdivisions of Treasury department are rendering the investment services at the bank:   Securities trading subdivision;   Securities accounting subdivision. Five employees hold general licenses of brokers. Total turnover of deals in NASDAQ OMX Vilnius made over 2008 comprised 2.4% of the total turnover of the stock exchange ( 81,6 mln. Lt). The bank is the authorized manager of the securities accounts of 14 companies.   Number of customers Number of customers thou 06-30 7

Bank’s activity results Profit-loss statement LTL m 2008 2009 1q. 2q. 3q. 4q. Interest income 31.2 33.7 34.3 35.3 35.9 Interest expenses 20.6 22.3 25.4 23.3 27.6 28.8 Net interest income 10.6 11.4 8.9 12.0 8.3 7.1 Net fee and commission income 2.1 2.4 2.6 2.9 2.0 Other income 0.2 1.2 0.5 -0.8 0.9 0.8 Operating expenses 9.3 9.1 8.6 8.8 8.4 7.9 Activity result 3.6 5.9 3.3 5.3 18.1 4.9 Profit (loss) from subsidiaries 0.0 6.4 Special provisions expenses 1.3 1.4 4.4 8.2 5.6 Tax 0.6 NET PROFIT 11.1 3.9 0.1 1.1 -3.6 17.5 -2.4 8 8

Loan portfolio 9 Loan portfolio structure Credits by economy type Sector Share, % Manufacturing 15 Wholesale and retail trading 12 Financial intermediation 14 Real estate 13 Construction 6 Hotels and restaurants Agriculture 5 Health care and and social work Transport 2 Other economic activities 8 Credits to individuals: mortgage 7 consumer 3 other SMEs: a company that employs less than 250 employees asset balance value – does not exceed LTL148 m or annual turnover does not exceed LTL 173 m 9

Loan portfolio Loan portfolio dynamics 10 % BANKING SECTOR

Deposits 11 Deposit dynamics Deposit structure Demand to individuals % Demand to individuals Demand to legal entitiess Time to individuals (in litas) Time to individuals (in currency) Time to legal entities September October November December January February March April May June July August BANKING SECTOR 11

Collaboration with the EBRD 2000 The EBRD granted the first credit line of EUR 5 m with a five-year maturity to the Bank for the SME funding. 2005 The EBRD became the major shareholder of the Bank by gaining 16.06 per cent of the Bank’s authorized capital. 2005 - 2006 With the intermediationof the EBRD, Šiaulių bankas was granted EUR 24 m of syndicated credits assigned to SME and private business funding. Besides the EBRD, which assigend EUR 9 m, 8 banks more from the various countries of the world participated in the loan granting. Their share comprised EUR 15 m. 2009 In the beginning of August the Board of Directors of the EBRD approved the convertible loan that shall reach up to EUR 30 m. The received funds shall be assigend: to SME funding as well as to municipalities and implementation of private and state enterprises’ infrastructure projects important to regions; upon necessity, a share of this loan can be converted into the Bank’s shares. 12

Collaboration with the international institutions In 2002 the Bank started a direct collaboration with the Council of Europe Development Bank (CEB). EUR 14.5 m in loans assigned for SME funding have been already received through collaboration with this institution. The Bank has been collaborating with the Nordic Investment Bank (NIB) since 2002 and received EUR 7.5 m for SME funding over the mentioned period. In 2006 the agreement for a long-term credit line in the amount of EUR 10 million assigned for funding of small municipal infrastructure projects was signed. The European Investment Fund (EIF) selected Šiaulių bankas for implementation of a new financial facility to grant risk sharing loans issuing them to SMEs. It is decided to grant up to EUR 20 m from the JEREMIE fund to the Bank. Rendering the loans the Bank shall add the same amount of its own funds. 13

Participation in economy stimulation plan I stage – LTL 7 m of LTL 20 million assigend adding LTL 1.4 m from the Bank’s own funds are lent. II stage– LTL 35 m of LTL 100 m – credits are granted for implementation of investment projects and working capital financing. Open Credit Fund – credits granted to finance SMEs. The Bank is participating in the tender arranged to the banks by the Rural Credit Guarantee Fund in order to receive the target loans according the defined measures. 14

Shareholders’ structure Number of shareholders Major shareholders 2009-09-25 Shareholders’ structure Authorized capital – 180 357 533 Lt Shareholder Share, % 1. European Bank for Reconstruction and Development* 16.06 2. Gintaras Kateiva* 5.86 3. Vincas Montvila 4.56 4. UAB “SLEZVB” 4.55 5. Algirdas Butkus* 4.49 6. AB “Šiaulių komercija” 4.30 7. Trade house “Aiva” UAB* 3.95 8. AB “Alita”* 3.84 9. Swedbank customersi (Estonia) 2.87 10. Arvydas Salda* 2.63 Total: 53.11% Number of shareholders Financial institutions 29 Non-financial institutions 115 Private individuals 3383 Other 3 Total: 3530 * - belongs to the Group that signed the Shareholders’ Agreement on 03-06-2005 15

Share trading in NASDAQ OMX Vilnius 30-06-2009 Šiaulių bankas Ūkio bankas Bankas “Snoras” Share book value (BV), 30-06-2009 1.56 1.95 1.27 Share market value (P), 23-09-2009 1.40 1.39 P/BV 0.90 0.71 1.09 Source: NASDAQ OMX Vilnius 16

THANK YOU FOR YOUR ATTENTION! Contacts 17 Contacts THANK YOU FOR YOUR ATTENTION! Donatas Savickas Deputy Chief Executive Officer Head of Finance and Credit Division Tel. +370 41 595602 Fax. +370 41 430774 E-mail d.savickas@sb.lt WWW.SB.LT