TEO LT, AB - Notification on material event

Draft decisions for the General Meeting of Shareholders on 9 February 2009

Draft agenda and draft decisions for the Extraordinary General Meeting of TEO
LT, AB (hereinafter ‘the Company' or ‘TEO') shareholders to be held on 9
February 2009 proposed by the Board of the Company: 

1. Election of the Board member.

Draft decision:
To elect to the Board of the Company for the current term of the Board
_______________, proposed by _________________. 


Amber Teleholding A/S, the largest shareholder of TEO LT, AB, which owns 60 per
cent of the Company's share capital proposed to the Extraordinary General
Meeting of Shareholders to elect to the Board for the current term of the Board
Mr Martynas Česnavičius (born in 1972). 

Mr Martynas Česnavičius is Advisor to Luxemburg domiciled Investment Fund Amber
Trust I and Amber Trust II. 

Following provisions of The Governance Code for the Companies Listed on the
Vilnius Stock Exchange Martynas Česnavičius upon election should be regarded as
independent and non-executive member of the Board. 

The documents possessed by the Company related to the agenda of the Meeting,
including draft resolutions, are available at the headquarters of TEO LT, AB,
Savanorių ave. 28, Vilnius, Lithuania, or at the Company's internet website
www.teo.lt. 


ENCL.:	Curriculum vitae of Martynas Česnavičius


Paulius Pakutinskas, 
Senior Legal Advisor of Corporate Administration and Legal Affairs Unit,  
tel. +370 5 236 73 30

Attachments:

martynas cesnavicius_cv_en.pdf