TEO LT, AB - Notification on material event

Kęstutis Šliužas has been appointed to become General Manager of TEO from the 1st of November

The Board of TEO LT, AB, the largest provider of integrated telecommunication,
IT and TV services in Lithuania, has appointed Kęstutis Šliužas to become the
Company's General Manager. K.Šliužas, who is 41 years old, will lead TEO Group
from 1 November 2013. 

From January 2011 K.Šliužas was Managing Director of Tetra Pak Ukraine. He has
made his career in Tetra Pak, a Swedish company, while working in Lithuania,
Italy and Russia since 1996, where he was responsible for product development,
marketing management, sales and leading other departments. Recently he has also
been leading the Tetra Pak Sales and Marketing functions in the Eastern Europe
and Central Asia region. 

He holds Bachelor's and Master's degrees from the Vilnius University. Later he
studied at the Swiss business school IMD and London Business School. On the
private side K.Šliužas is raising three children in the family. "I am very proud today to present our new General Manager of TEO. In his
previous positions K.Šliužas has shown abilities to be an excellent leader with
the right customer focus that we need for the future in TEO. With his
experience in doing business in an international environment he has the
background we have been searching for. I am therefore very pleased that he has
decided to return to work in Lithuania. He will lead a technologically and
financially healthy company that is continuously an object of pride to its
shareholders. I am sure that he is the right person to lead TEO that has, and
will continue to have, goals to provide excellent customer experience", - Malin
Frenning, Chairwoman of the Board of TEO, said. "I am very pleased with the confidence given to me by the Board of TEO. It
would be an exciting opportunity to become the manager of such company in any
part of the world. But I am very glad to have an opportunity to use my
experience in product development, marketing, sales and management in my home
country. In this way I hope to contribute to the success of TEO and at the same
time to gain new experience in a highly competitive Lithuanian
telecommunications market", - K.Šliužas said. 

Until February 2013, TEO was led by Arūnas Šikšta, who then decided to leave
this position. The Company's acting General Manager Giedrius Vegys will hold
that position until 1 November 2013. 




         Antanas Bubnelis,
         Director of Corporate Communication Unit,
         tel. +370 5 236 75 37