Presentation of activities and prospects of Šiaulių bankas

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

Group’s structure ŠIAULIŲ BANKAS, AB 1992 100% ŠIAULIŲ BANKAS LEASING (“Šiaulių banko lizingas”, UAB) 1999 Main activities: finance and operating leasing) Assets – LTL 146 564 thou ŠIAULIŲ BANKAS INVESTMENT MANAGEMENT (“Šiaulių banko investicijų valdymas”, UAB) 2000 100% 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 other real estate Assets – LTL 45 890 thou 2

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

Banking sector Market share, % Capital adequacy, % 1. AB SEB bankas 29. 0 13. 47 2. AB “Swedbank” 22. 2 16. 85 3. AB Dn. B 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% C CC CCC BCaa 3 Caa 2 Caa 1 B 3 28% B B 2 B+ B 1 BBBa 3 32% BB Ba 2 BB+ Ba 1 54% BBB- BBB+ Baa 3 Baa 2 Baa 1 AA 3 A A 2 A+ A 1 17% AAAa 3 AA Aa 2 AA+ Aa 1 AAA Aaa THE BANK Prospects AB Šiaulių bankas negative AB Bankas “Snoras” negative AB Ūkio bankas negative AB Dn. B NORD bankas negative AB SEB bankas negative 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 BANKING SECTOR 6

Customers’ segments Services § Small and medium-sized businesses § Regional municipalities § Private individuals, related to SMEs 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 “Master. Card” groups. Deposits § Deposits – the bank offers 6 types of time deposits and 2 types of demand deposits. Number of customers thou 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. 06 -30 7

Bank’s activity results Profit-loss statement LTL m 2008 2009 1 q. 2 q. 3 q. 4 q. 1 q. 2 q. Interest income 31. 2 33. 7 34. 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. 1 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 2. 9 2. 0 18. 1 4. 9 Profit (loss) from subsidiaries 8. 8 0. 0 6. 4 0. 0 Special provisions expenses 1. 3 1. 4 0. 8 4. 4 8. 2 5. 6 Tax 0. 0 0. 6 0. 2 0. 8 0. 0 11. 1 3. 9 2. 4 0. 1 1. 1 -3. 6 NET PROFIT 17. 5 -2. 4 8

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 6 Agriculture 5 Health care and social work 5 Transport 2 Other economic activities 8 Credits to individuals: 15 mortgage 7 consumer 3 other 5 SMEs: • a company that employs less than 250 employees • asset balance value – does not exceed LTL 148 m or annual turnover does not exceed LTL 173 m 9

Loan portfolio % Loan portfolio dynamics BANKING SECTOR ŠIAULIŲ Loans past due > 60 days, % BANKINIS BANKAS, 07 SEKTORIUS, 01, 3. 76 ŠIAULIŲ 07 01, 3. 58 BANKINIS BANKAS, 04 SEKTORIUS, 01, 3. 11 ŠIAULIŲ BANKAS, 07 ŠIAULIŲ 04 01, 2. 91 BANKAS, 04 01, ŠIAULIŲ BANKAS, 09 01, 2. 49 BANKAS, 10 1. 98000000 01 01, 2. 26 BANKINIS ŠIAULIŲ 000001 01, 2. 08 SEKTORIUS, BANKINIS BANKAS, 08 09 01 01, SEKTORIUS, 01 01, 1. 42 1. 13999999 08 01 01, 999999 1. 03 ŠIAULIŲ BANKAS BANKINIS SEKTORIUS BANKING SECTOR Impaired loans, % BANKINIS SEKTORIUS, 07 01, 7. 76 BANKINIS SEKTORIUS, BANKINIS 04 01, 5. 32 SEKTORIUS, ŠIAULIŲ 09 01 01, BANKAS, 07 BANKAS, 04 ŠIAULIŲ BANKAS, 07 ŠIAULIŲ 3. 41 01, BANKAS, 10 01, BANKAS, 09 BANKAS, 04 01, 2. 88 BANKINIS BANKAS, 08 1. 950000000 01, 1. 940000000 01 01, 2. 61 01, 2. 39 SEKTORIUS, 01 01, 2. 23 000021. 1900000002 08 01 01, 00002 1. 52 ŠIAULIŲ BANKAS BANKINIS SEKTORIUS BANKING SECTOR 10

Deposits Deposit dynamics Deposit structure % Series 1; Juridinių terminuotiej i; 19%; 19% Demand Fizinių iki to individuals pareikalavimo Series 1; Juridinių iki Fizinių iki pareikalavi mo; 11%; mo; 6%; 11% 6% Demand to Juridinių iki legal entitiess pareikalavimo Time to Fizinių terminuotieji individuals (in (litais) litas) Series 1; Fizinių terminuotiej i (litais); 36%; 36% September October November December January February March April May June BANKING SECTOR July August Series 1; Fizinių terminuotiej i (valiuta); 28%; 28% Fizinių Time to terminuotieji individuals (in (valiuta) currency) Juridinių terminuotieji Time to legal entities 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: Ø to SME funding as well as to municipalities and implementation of private and state enterprises’ infrastructure projects important to regions; Ø 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 Ø I stage – LTL 7 m of LTL 20 million assigend adding LTL 1. 4 m from the Bank’s own funds are lent. Ø II stage– LTL 35 m of LTL 100 m – credits are granted for implementation of investment projects and working capital financing. Ø Open Credit Fund – credits granted to finance SMEs. Ø 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 Major shareholders Shareholders’ structure 2009 -09 -25 Authorized capital – 180 357 533 Lt Share, % Shareholder 1. European Bank for Reconstruction and Development* 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* 16. 06 2. 63 Total: 53. 11% Number of shareholders Financial institutions * - belongs to the Group that signed the Shareholders’ Agreement on 0306 -2005 Non-financial institutions Private individuals Other Total: 29 115 3383 3 3530 15

Share trading in NASDAQ OMX Vilnius 30 -06 -2009 Share book value (BV), 30 -06 -2009 Share market value (P), 23 -09 -2009 P/BV Šiaulių bankas Ūkio bankas Bankas “Snoras” 1. 56 1. 40 0. 90 1. 95 1. 39 0. 71 1. 27 1. 39 1. 09 Source: NASDAQ OMX Vilnius 16

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 17