OREANDA-NEWS. March 14, 2011. Share offering will be carried out in the following manner and stages: The subscription rights will be assigned on 09-03-2011 free of charge to the persons, who at the end of the day of accounting the rights, i.e. 05-01-2011, were the owners of ordinary registered shares of the Bank SNORAS. 0.80149553 of the subscription rights shall be assigned to each ordinary registered share of 1 litas nominal value. Subscription rights will be cancelled in 15 days after account opening, reported the press-centre of Bank SNORAS.

Stage I
From 09-03-2011 until 23-03-2011 shares will be offered only to the persons, who have the subscription rights in their personal securities account. Subscribed shares shall be paid for within three calendar days following the signing of share subscription agreement.
AB Bank SNORAS will inform about the remaining number of unsubscribed shares in the notification on NASDAQ OMX Vilnius Stock Exchange and the Bank's websites on 28-03-2011.

Stage II
From 29-03-2011 until 11-04-2011 shares will be offered only to AB Bank SNORAS preference shares shareholders in proportion to their shares held 05-01-2011. Subscribed shares shall be paid for within three calendar days following the signing of share subscription agreement.
AB Bank SNORAS will inform about the remaining number of unsubscribed shares in the notification on NASDAQ OMX Vilnius Stock Exchange and the Bank's websites on 15-04-2011.

Stage III
Shares will be offered to all investors applying for the purchase of AB Bank SNORAS shares remaining after Stage II in proportion to the number of shares specified in their application. Investors’ applications will be accepted from 18-04-2011 until 20-04-2011.

Subscription agreement and applications shall be signed at AB Bank SNORAS or the Bank's branches personally by the investor or his proxy. Share prospectus is available at AB Bank SNORAS head office or the Bank's branch and on the Bank's website http://www.snoras.lt.