Regarding Statement of Objections by the Competition Council

AB DNB Bankas, hereby notifies that on 16 July 2012 the Bank received a Statement of Objections by the Competition Council of the Republic of Lithuania regarding the investigation performed of the actions of AB DNB Bankas and other legal entities in compliance with the requirements of the Law on Competition of the Republic of Lithuania and Treaty on the Functioning of the European Union.

To the oppinion of the evaluators, the actions of AB DNB Bankas could have limited competition in the cash collection and handling market. The Statement of Objections does not mean it has been estblished that AB DNB Bankas and/or other legal entities have comitted the infringement.

The Competition Council shall take the final decision after completing all procedures related to the investigation. AB DNB Bankas stands by oppinion it has not violated legal acts on competition and shall provide to the Competition Council its arguments to ground the position according to the established procedure.

The Laws of the Republic of Lithuania provide that in case the Competition Council acknowledges the evidence of the infringement to be sufficient, it may request to cease the infringement and impose the fine on a legal entity that equals up to 10 percent of the total annual revenue of the last financial year.