On 8 of December 2008, the Board of SEB Bank has decided to establish a subsidiary of SEB Bank with a legal form of a private limited liability company, name of the company - Litectus UAB, legal address - Jogailos g. 9/ A. Smetonos g. 1, Vilnius, Republic of Lithuania. Term of the subsidiary activity shall be of unlimited duration, its goal - to gain profit from sale-purchase and development of real estate, as also from other activities not prohibited by legal acts of the Republic of Lithuania, subject of the company activity - sale-purchase of real estate; rent of real estate; development, administration and management of real estate. The present Notification is non-confidential. Arturas Feiferas, Vice President, Director of the Credit and Risk Management Division, tel: +370 5 268 2501, is authorized to provide additional information regarding the material event.