Alexander Saveliev, the representative of the European Bank for Reconstruction and Development (EBRD), resigned from his position of the member of the Supervisory Council of Šiauliu bankas AB on February 11, 2014. It is planned that another representative of the EBRD shall be offered instead of the resigned member of the Supervisory Council. On February 12, 2014 Supervisory Council of Šiauliu bankas AB has elected Ilona Baranauskiene as the member of the Management Board of Šiauliu bankas AB until the end of the tenure of the current Board.

During the meeting of the Supervisory Council of Šiauliu bankas AB held on February 12, 2014 the resignation of Audrius Žiugžda from the position of the Deputy Chairman of the Management Board and the member of the Management Board before the end of the tenure has been accepted. A. Žiugžda resigned from the position of the Chief Executive Officer on February 01, 2014.