TEO LT, AB - Notification on material event

Malin Frenning re-elected as Chairwoman of the Board of TEO LT, AB; elected members of the Audit and Remuneration Committees

On 13 June 2013, the first meeting of TEO LT, AB (hereinafter ‘the Company' or
‘TEO') Board, which was elected for the two years term by the General Meeting
of Shareholders on 25 April 2013, took place. The Board re-elected Malin
Frenning as Chairwoman of the Board. 

Malin Frenning (born in 1967) is member of the Board of TEO LT, AB since 26
April 2010, re-elected for the two years term on 25 April 2013. TeliaSonera AB,
a holder of 88.15 per cent of the Company's shares, proposed her to the Board.
Education - Master of Science in Mechanical Engineering from Luleå University
of Technology (Sweden). She is Honorary Doctor of Technology of Luleå
University of Technology (Sweden). Employment: President of Business Area
Broadband Services of TeliaSonera AB (Sweden). Current Board assignments:
Chairwoman of the Board of TeliaSonera Network Sales AB (Sweden), Chairwoman of
the Board of TeliaSonera International Carrier AB (Sweden); Chairwoman of the
Board of TeliaSonera Skanova Access AB (Sweden); Chairwoman of the Supervisory
Council of Elion Ettevõtted AS (Estonia) and member of the Board of ESRI
S-Group AB (Sweden). Malin Frenning has no direct interest in the share capital
of TEO LT, AB. 

The Board also appointed the following members of the Board as the members of
the Audit Committee for the term of two years (but in any case not longer than
until the term of the membership in the Board): Jens Lööw (Chairman of the
Committee), Tiia Tuovinen and Inga Skisaker (independent member of the Board). 

The following members of the Board were appointed as the members of the
Remuneration Committee for the term of one year (until 13 June 2014): Malin
Frenning, Mats Lillienberg and Rolandas Viršilas (independent member of the
Board). 




         Eglė Gudelytė-Harvey,
         Director of Corporate Administration and Legal Affairs Unit,
         tel. +370 5 236 7292