Notice on Public Offering of Tier 2 Subordinated Notes of AB Šiaulių bankas

Akcinė bendrovė Šiaulių bankas (the Bank) hereby announces a public offering of Tier 2 Subordinated Notes (the Tier 2 Subordinated Notes or Notes). The offering is conducted on the basis of the Base Prospectus (the Prospectus) of 100,000,000 Euro Tier 2 Subordinated Note Programme (the Programme) of the Bank approved by the Bank of Lithuania on 23 April 2024, that has been disclosed on the date of its approval on the web pages of the Bank (https://sb.lt/), AB Nasdaq Vilnius Stock Exchange (Nasdaq Vilnius) (https://nasdaqbaltic.com/) and the Central Regulated Information Base (www.crib.lt).

This is the first issue of the Tier 2 Subordinated Notes, in the amount of up to EUR 25,000,000 under the Programme. The public offering of the Tier 2 Subordinated Notes will be carried out in Republic of Lithuania, Republic of Latvia and Republic of Estonia.

Main terms of the offering

The Bank offers publicly up to 25,000 Tier 2 Subordinated Notes with the nominal value of EUR 1,000, the maturity date of 22 May 2034 and a quarterly paid fixed interest rate of 7.70% per annum. Tier 2 Subordinated Notes will be offered at an issue price of EUR 1,000 per one Note. Tier 2 Subordinated Notes will be issued in a dematerialized book-entry form and registered in Nasdaq CSD under ISIN code LT0000409013.

The offering will be targeted to Lithuanian, Latvian and Estonian retail and institutional investors.

Tier 2 Subordinated Notes represents an unsecured debt obligation of the Bank to the investor. The subordination of the Notes means that upon the liquidation or bankruptcy of the Bank, all the claims arising from the Tier 2 Subordinated Notes shall fall due and shall be satisfied only after the full satisfaction of all unsubordinated recognised claims in accordance with the applicable law. Among other things, with Tier 2 Subordinated Notes, the risk of conversion of liabilities and claim rights (bail-in risk) must be considered.

Timetable of the offering

Start of the offering period for the Tier 2 Subordinated Notes	2 May 2024 at 9.00 am (Vilnius time)
End of the offering period of the Tier 2 Subordinated Notes	17 May 2024 at 3.30 pm (Vilnius time)
Disclosing the allocation results of the Tier 2 Subordinated Notes	On or about 20 May 2024
Transfer of the Tier 2 Subordinated Notes to investors’ securities accounts	On or about 22 May 2024
Expected listing of the Tier 2 Subordinated Notes and admission to trading on the regulated market operated by Nasdaq Vilnius (on the Bond List of Nasdaq Vilnius)	On or about 28 May 2024

Submitting subscription undertakings