TEO LT, AB - Notification on material event

Teo received a limited activities electronic money institution licence

The Bank of Lithuania decided to grant limited activities electronic money
institution licence to TEO LT, AB. The licence grants the right to issue
electronic money and provide payment services set in the Article 5 of the
Payments Law of the Republic of Lithuania. The purpose of obtaining this
licence is intended takeover of payment activities of AB Omnitel and intended
provision of instant payment services according to the provisions of the
Memorandum of Understanding on the enhancement of the functionality of the Bank
of Lithuania retail payment system, prepared by the Bank of Lithuania as of 1
July 2016 and joined by TEO LT, AB as of 5 July 2016. 




         Giedrė Kaminskaitė-Salters,
         Head of Legal,
         tel. +370 5 236 7715