On 01.09.2008, the General Meeting of Shareholders of Banca Transilvania S.A decided to modify the nominal value of a BT share from 0/1 lei/share (old value) to 1 leu/share (new value).

This decision will be applied by dividing to 10 the number of shares held by each shareholder and registered with the Shareholders' Registry on 19.09.2008, as certified by the Shareholders' Registry.

If the number of shares held by you is not dividable to 10, the final number of shares will be determined by rounding upward the fractions higher than or equal with 6 decimals, respectively by rounding downward the fractions lower than or equal with 5 decimals. The holdings below 9 old shares (sub-unit after consolidation) are to be rounded to 0.

In order to avoid any automatic application of the rounding process as described above and approved in the GSM of 01. 09. 2008, we recommend you to take specific actions (to sell or to buy shares) so that the number of shares registered with the Shareholders' Registry on the registration date to be dividable to 10 and the result to be a whole number of shares.

The registration date determined by the GSM is 19.09.2008.

Robert C. Rekkers,
General Manager

 Click here to download the printable (.pdf) version of  the "Letter to shareholders"...

* Horia Ciorcila, Board Chairman for another 4 years * Newly elected Board members * Share capital increase * Option to list BT shares on the Wiener Börse *

The General Shareholders' Meeting (GSM) of Banca Transilvania was convened in Ordinary and Extraordinary session on April 28 in Cluj-Napoca. The GSM was chaired by Horia Ciorcila, Chairman of Banca Transilvania's Board of Directors. The Ordinary Meeting and Extraordinary Meeting were attended by shareholders' accounting for 62% of the bank's share capital.

 Click here to read the entire press release...