CEO Meets InvestorsVytautas Sinius03/05/2016. Vilnius

MILESTONES

1992

2005

EBRD becameThe largest shareholder

2010

Šiaulių Bankas entered into

relationship with the EIB and the EIF

2013

Šiaulių Bankas assumed part of

liabilities and assets of Ūkio bankas

2014

Development in leasing and life insurance

markets

HIGHLIGHTS FOR 2015

The Group earned a net profit of EUR 23.8 million. the Bank - EUR 21.2 million

The Group's loan portfolio increased by 17 % (EUR 135 million)

Reorganization of the bank Finasta and brokerage firm Finasta was completed. companies merged with Šiaulių Bankas

The Bank of Lithuania recognized Šiaulių Bankas as Other Systemically Important Institution (O-SII)

Saving and investment services. Platform for trading in securities in the Baltic markets (to be started on 12 May 2016)

The Banker and Global Finance awarded Šiaulių Bankas as the best bank in Lithuania

2015

SHAREHOLDERS

18.24 % 21.17 % 39.12 % 21.47 %

3 667 Shareholders

The European Bank for

Reconstruction and Development

Other parties of the Shareholders Agreement (17)

Other legal entities (170)

Other private individuals (3 479)

Share capital exceeds EUR 90 million

BANKING SECTOR

Market share Net profit (mEUR)

16.8

16.4

20.1

11.8

65.3

108.0

11.9

19.3

21.4

23.8

62.1

85.0

DANSKE

DNB

NORDEA

ŠIAULIŲ BANKAS

SEB

SWEDBANK

2015

2014

Swedbank

Loans24.8

Deposits30.9

Citadele bankas

Loans1.5

Deposits1.9

SEB bankas AB

Loans30.1

Deposits27.3

DNB bankas AB

Loans18.1

Deposits13.4 Šiaulių Bankas

Loans5.7

Deposits8.3

Medicinos bankas

Loans0.9

Deposits1.2

Increasing bank awareness

Mission We come from the same roots. By providing financial services. we increase the well-being of Lithuania’s people and businesses. and we grow together with them.

Values Trust. Professionalism. Respect. Responsibility

Exclusivity We are fast. simple. flexible and professional

Active marketing strategy related to the brand strengthening and re-branding had positive results:

remarkably increased brand awareness -the bank has become easily recognized. well-known and recommended

increased customers' trust

mass media refers to the bank as the fastest growing bank in Lithuania

according to the assessments of the Lithuanian market payers made in 2016 the bank is one of the most promisingcompanies on the Baltic Stock Exchange with great potential.

GROUP STRUCTURE

Finance lease and consumer credits

SB Leasing

Life insurance

BONUM PUBLICUM

Investment management activities

Investicijų valdymas

Real estate management activities

Turto fondas. Minera. SBTF

Development of residential apartment area

Pavasaris

Participants of Housing Renovation

projects

Small and new

businesses. farmers

working people of 40+

and their family

members. seniors

Municiplaities and their

undertakings

SME

CUSTOMER SEGMENTS

Investing. successful

career people

APPs

861Employees

On-linebankingsystem

216ATMs

70Branches

Contactcenter

CUSTOMER SEGMENTS

CUSTOMER SERVICE QUALITY

Šiaulių Bankas 90.3% (sector average 87.6%)

3rd place among banks (2014 – 7)

The biggest progress among the banks in Lithuania (5.5 %)

Medicinos bankas DNB Nordea Swedbank Šiaulių bankas SEB Citadele

72.7 %

91.8 %88.3 %

83.8% 84.8 %

92.7 %89.3 %

79.8 %84.5 %

86.9% 87.1 % 90.3 % 91.1 % 93.8 %

2015

2014

According to the research of customer service quality in banking sector conducted by Dive Lietuva (Slapto

pirkėjo tyrimai UAB) in November – December 2015:

Sector average

BRAND AWARENESS

According to the research of Synopticom conducted on 23 December 2015 :

Brand awareness of Šiaulių Bankas increased from 58% to 62%

Citadele Medicinosbankas

Danske Bank Nordea Šiaulių bankas DNB SEB Swedbank

34 %41 %

28 %

42 %

62 %

76 %

89 % 91 %

December 2015

May 2015

December 2014

CUSTOMER RECOGNITION

Consistently growing number of customers. In 2015:

The number of corporate clients increased by 9 per cent -up to 26 thou.

The number of private clients increased by 7 per cent - up to 361 thou.

Bank's accessibility via various channels

Wide range of services.

Their suitability to customers.

High quality of servicing

Increasing bank awareness

CAPITAL REQUIREMENT

Capital buffers:

Countercyclical capital buffer: rate currently applied in Lithuania is 0%; Capital conservation buffer: rate of 2.5% is applied; Additional capital requirement of 2.0% (this requirement is subject to annual review in the process of

supervisory review and evaluation (SREP)); On 17/12/2015 the Bank of Lithuania recognized Šiaulių Bankas O-SII – an extra buffer of 0.5% will apply

to the Bank starting from 31 December 2016.

* According to preliminary data.

12.7812.15 12.18 11.94

12.28 11.99

14.38 14.59

15.65*

7

8

9

10

11

12

13

14

15

16

17

31/03/2014 30/06/2014 30/09/2014 31/12/2014 31/03/2015 30/06/2015 30/09/2015 31/12/2015 31/03/2016

%

Bank Group Minimal requirement

LOAN PORTFOLIO

769 773796

774 775

832

891909

927

3,39%

0,00%

0,50%

1,00%

1,50%

2,00%

2,50%

3,00%

3,50%

4,00%

400

450

500

550

600

650

700

750

800

850

900

950

1 000

1 050

1 100

2014-03-31 2014-06-30 2014-09-30 2014-12-31 31/03/2015 30/06/2015 30/09/2015 31/12/2015 31/03/2016

mEUR

Loans Yield on loans

EUR -17m

(-2%)

EUR +135m

(+17%)

EUR +17m

(+2%)

LOAN PORTFOLIO

Agriculture;8.9%

Manufacturing;12.1 % Construction;

6.0%

Road construction; 2.2%

Trade; 10.6%

Transport;3.6%

Hotels and restaurants;

2.8%

Financial;1.0%

Real estate;11.5%Public administration;

13.3%

Health and social work;3.6%

Individuals;11.6%

Other;12.8%

LOAN PORTFOLIO

NPL impaired+not impaired but past due more than 60 days

15.13 15.1313.46

11.39 11.219.99

9.118.63 8.62 8.82

16.60 16.70 15.70

13.3012.92 12.25

11.5910.64 10.19 10.33

31/13/2013 31/14/2014 30/14/2014 30/14/2014 31/14/2014 31/15/2015 30/15/2015 30/15/2015 31/15/2015 31/16/2016

Bank Group

LIABILITIES STRUCTURE

1 3251 340

1 359

1 418 1 4141 400

1 4351 445

1 436

0,81%

0,00%

0,50%

1,00%

1,50%

2,00%

2,50%

1 250

1 275

1 300

1 325

1 350

1 375

1 400

1 425

1 450

2014-03-31 2014-06-30 2014-09-30 2014-12-31 31/03/2015 30/06/2015 30/09/2015 31/12/2015 31/03/2016

mEUR

Deposits Costs of deposits, incl. insurance

EUR +104m

(+8%)

EUR +21m

(+1%)

EUR -8m

(-1%)

LIABILITIES STRUCTURE

Other liabilities3 %

Equity9 %

Due to banksand financial institutions

4 %

Demanddeposits

28 %

Term depositsof corporate

3 %

Term depositsof individuals

53 %

FEE AND COMMISSION

1 100

2 429

4 210

6 505

1 216

3 201

5 657

8 039

2 229

201403

201406

201409

201412

201503

201506

201509

201512

201603

Net fee and commission income (kEUR) Fee and commission income structure

for administration of loans of third parties (housing

renovation)34 %

for settlement services

24 %

for cash operations

15 % for payment administration

9 %

for guarantees. letters of credit.

documentary collection…

for services related to

securities…

Other9 %

Šiaulių Bankas is a leading player with 60% market share in housing renovation programme in

Lithuania

Under the multi-apartment renovation programme decisions made to 1 243 units (EUR

303m), out of which 865 units (EUR 193m) already signed

Renovation

INCOME & EXPENSES CHANGES (2014-2015)

Income. % Cost. %

65

11 11 13

72

12

610

Net interestincome

Net fee andcommission

income

Net tradingincome

Otherincome

58

3

57

6

Staff Marketing

20152014

Other expenses changed

insignificantly

5 %

7 %

1 %

3 %

1 %

3 %

PROFIT

5,363

11,773

23,819

0,0

2,0

4,0

6,0

8,0

10,0

12,0

14,0

16,0

18,0

20,0

22,0

24,0

26,0

01/03/2013 01/07/2013 01/11/2013 01/03/2014 01/07/2014 01/11/2014 01/03/2015 01/07/2015 01/11/2015

mEUR

+41 %

+120 %

+102 %

PROFITABILITY

52.7

38.7 38.7

62.1

50.6 52.2

2013 2014 2015

0.2

0.7

1.3

0.3

0.7

1.4

2013 2014 2015

3.4

10.4

17.1

5.8

11.5

19.0

2013 2014 2015

ROAA % ROAE % Cost/ Income. %

Bank Group

2016 – YEAR OF CONSOLIDATION

After active previous years’ development consolidating new companies, activity optimization processes are awaiting this year.

The Bank will continue to operate in the low interest rate environment. stable net interest margin will be maintained - downward pressure on loan interest rates and debt securities yield will be balanced by lower costs of term deposits.

Higher income from operations with securities and investment products is expected.

Rapid growth of the importance of technology in the Bank's activities will result in increased focus on the IT risk management.

After significant impairment losses from the loan portfolio incurred in 2014-2015, lower impairment losses are expected.

No capital increases by additional contributions are included in the plan; the major portion of the profits earned will be retained to strengthen the capital base.

BEGINNING OF 2016 - A SUCCESSFUL START

Plans set out for 2016 are being fulfilled:

active provision of financing services to private and corporate customers (especially to SMEs)

active participation in multi-apartment housing modernization programme gaining speed with investment service options to be offered to private

customers

An outcome of the continues performance is a splendid result of Q1 2016:

The Group earned 17.7 million euros, the Bank - 20.7 million euros of net profit

According to the information published by the commercial banks operating in Lithuania for Q1 2016, Šiaulių Bakas is among the leaders by earned profit compared to the bigger market players.

SHARE PRICE

2012 2013 2014 2015 2016/04/26

Turnover, EUR mln 54.20 66.50 71.80 93.70 115.10

Turnover. mln. Eur 2.80 5.50 8.10 12.70 5.03

Market value/ Book value 0.60 0.71 0.67 0.68 0.74

Share dividends. % 6.45 8.00 8.60 20.00

Cash dividends. % 0.50 - 0.25 0.69

EUR

0.207

0,306

0,160

0,180

0,200

0,220

0,240

0,260

0,280

0,300

0,320

01/01/2015

01/02/2015

01/03/2015

01/04/2015

01/05/2015

01/06/2015

01/07/2015

01/08/2015

01/09/2015

01/10/2015

01/11/2015

01/12/2015

01/01/2016

01/02/2016

01/03/2016

01/04/2016

SAB OMXBBGI

+22 %+23 %

Thank you