Siauliu Bankas — Proxy Solicitation & Information Statement 2016

Mar 9, 2016

1

The candidates to the members of the Supervisory Council proposed by the Management Board of Šiaulių Bankas AB to the General Meeting of Shareholders to be held on 30 March 2016

The candidates proposed:

1. Arvydas Salda
2. Gintaras Kateiva
3. Ramunė Vilija Zabulienė
4. Darius Šulnis
5. Martynas Česnavičius
6. Peter Reiniger
7. Valdas Vitkauskas

Information on candidates:

1. Candidate’s name, surname: Arvydas Salda
   Date of birth: 7 November 1955
   Education: university
   Office held:
2. Chairman of the Supervisory Council of Šiaulių Bankas AB;
3. Consultant of Šiaulių Banko Turto Fondas UAB;
4. Consultant of Eglės AB sanatorium;
5. Member of the Board of Klaipėdos LEZ valdymo bendrovė UAB.

Information on how the candidate’s activity is associated with Šiaulių Bankas and other legal entities related to the Bank:
- the candidate works as a consultant at the Bank’s subsidiary Šiaulių Banko Turto Fondas UAB;
- he owns 2.42% of shares and votes under the right of ownership and 39.41% with a group acting together.

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2

1. Candidate's name, surname: Gintaras Kateiva

Date of birth: 10 April 1965

Education: university

Office held:
- Member of the Supervisory Council of Šiaulių Bankas AB;
- Director General and Chairman of the Board at of Litagra UAB;
- Director of Litagros Mažmena UAB.

Information on how the candidate's activity is associated with Šiaulių Bankas and other legal entities related to the Bank:
- the candidate owns 5.82 % of shares and votes under the right of ownership and 39.41% with a group acting together.

1. Candidate's name, surname: Ramunė Vilija Zabulienė

Date of birth: 18 July 1962

Education: university

Office held:
- Member of the Supervisory Council of Šiaulių Bankas AB;
- Director of ArsDomina Všl.

Information on how the candidate's activity is associated with Šiaulių Bankas and other legal entities related to the Bank:
- activity is not associated in any way, an independent candidate;
- owns no shares of Šiaulių Bankas AB.

1. Candidate's name, surname: Darius Šulnis

Date of birth: 21 January 1971

Education: university

Office held:
- Member of the Board, President of Invalda INVL AB;
- Chairman of the Board, Director General of INVL Asset Management;
- Member of the Board at Litagra UAB;
- IPAS INVL Asset Management (Latvia) - Member of the Supervisory Council;
- AS INVL atklatais pensiju fonds (Latvia) - Member of the Supervisory Council;
- INVL Baltic Farmland AB - Member of the Board;

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• Member of the Board, Director of Invalda LT Investments UAB.

Information on how the candidate's activity is associated with Šiaulių Bankas and other legal entities related to the Bank:

• the candidate is the CEO of Invalda INVL AB, the Bank's large shareholder, that acquired 6.79 % of the Bank's shares in 2015.

• Candidate's name, surname: Martynas Česnavičius

Date of birth: 9 December 1972

Education: university

Office held:

• Advisor at Luxembourg domiciled Investment Fund Amber Trust I S.C., Amber Trust II S.C.A & KJK management S.A, who within this office is a representative at the following undertakings:

• Laisvas Nepriklausomas Kanalas UAB - Member of the Board;

• Malsena Plius UAB - Chairman of the Board;
• Litagra UAB - Member of the Board;

• Kitron ASA - Member of the Board.

• Atradimu Studija UAB - Member of the Board;

• Pro Finance UAB - Principal.

Information on how the candidate's activity is associated with Šiaulių Bankas and other legal entities related to the Bank:

• Pro Finance UAB controlled by the candidate owns 0.39% of Šiaulių Bankas' shares;

• owns no shares of Šiaulių Banko under the right of ownership.

• Candidate's name, surname: Peter Reiniger

Date of birth: 3 February 1947

Education: university, Master's degree

Current and earlier offices:

• Currently - an independent consultant;
• 1991-2011 European Bank for Reconstruction and Development (EBRD), London, the United Kingdom (various offices up to managing director)

Information on how the candidate's activity is associated with Šiaulių Bankas and other legal entities related to the Bank:

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• represents the EBRD, that owns 18.24 % of shares and votes under the right of ownership and 39.41% with a group acting together;
• except business relations with the EBRD the candidate's activity is not associated with Šiaulių Bankas or other legal entities related to the Bank;

• owns no shares of Šiaulių Banko under the right of ownership.

• Candidate’s name, surname: Valdas Vitkauskas

Date of birth: 13 July 1968

Education: university, Master’s degree

Office held:

• Chief banker, European Bank for Reconstruction and Development (EBRD), London, the United Kingdom. CEO of the Financial Institutions Teamin Belarus, Moldova, with partial responsibility in Ukraine and the western Balkan countries;
• Member of the Council at Mobiasbanca - Societe Generale Group, Moldova.

Information on how the candidate’s activity is associated with Šiaulių Bankas and other legal entities related to the Bank:

• represents the EBRD, that owns 18.24 % of shares and votes under the right of ownership and 39.41% with a group acting together;
• except business relations with the EBRD the candidate’s activity is not associated with Šiaulių Bankas or other legal entities related to the Bank;
• owns no shares of Šiaulių Bank under the right of ownership.