On the Ongoing Investigation

Šiauliu Bankas AB (hereinafter referred to as the Bank), company code 112025254, domicile address Tilžes st. 149, Šiauliai, Lithuania.

The General Police Commissariat of Klaipeda district has been investigating the circumstances of the credit issued by the Bank 6 years ago relating to the possible unlawful conduct of businessman Vladimir Romanov as well as related natural persons and legal entities.

In 2012, prior to the announcement of Ukio bankas bankruptcy, the Bank issued a credit to the company associated with V. Romanov, repayment of which was secured by a real estate mortgage. At the moment, the credit agreement has expired and will have no impact on the results of the Bank's performance.

In the course of the investigation, the General Police Commissariat of Klaipeda district expressed suspicions to several employees of the Bank's administration. The allegations are likely to be brought on the basis of the testimonials of persons related to V. Romanov and the suspects in this investigation.

It should be emphasized that in 2012 issuing the credit the Bank complied with all requirements and procedures set out for credit institutions relating to issue of credits.

The ongoing process does not affect the continuity of the Bank's performance and its daily operation. The Bank meets all the requirements and standards set out for the Bank's activities and the  obligations assumed with regard to the clients are and will be fulfilled. The Bank has  informed the Bank of Lithuania about the ongoing investigation.

The Bank is collaborating with the investigative institutions, it considers the expressed allegations as a formal procedural event carried out by the law enforcement authorities and believes that  investigation of the situation and  required necessary investigative actions carried out by the law enforcement authorities will lead to the elimination of suspicions against the employees.

In accordance with the legislation on pre-trial investigations, the Bank cannot disclose more information during the process of investigation until the relevant authorities have given the respective permission.

Chief Executive Officer     Vytautas Sinius