TEO LT, AB - Notification on material event

Announcement on the completion of the voluntary takeover bid of TeliaSonera AB and purchases in an open market

On 2 July 2012 TEO LT, AB (hereinafter “the Company” or “TEO”) received the
information from its shareholder TeliaSonera AB (publ), that during
non-competitive voluntary takeover bid to buy up the remaining ordinary
registered voting shares of the Company which was completed on 29 June 2012
(hereinafter - Takeover bid), sell orders for 12,719,908 shares of the Company
were placed. In addition, TeliaSonera AB (publ) acquired 80,437,785 shares of
the Company in the open market during the period from May 8 to June 29. 

The settlement of all sell orders placed into the Takeover bid will take place
on 4 July 2012. After the settlement, TeliaSonera AB (publ) shall own 88.15
percent of the total share capital. 

Together with the completion of the Takeover bid, TeliaSonera AB (publ) also
stopped purchases of Company‘s shares in an open market. 



NOT TO BE DISTRIBUTED IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA JAPAN OR
ITALY 

The takeover bid is made in accordance with the laws of the Republic of
Lithuania and will not be subject to any filing with, or approval by, any
foreign regulatory authority. 

This announcement does not constitute, or form part of, any offer or invitation
to sell, or any solicitation of any offer to purchase any securities in any
jurisdiction, nor shall it (or any part of it) or the fact of its distribution
form the basis of or be relied on in connection with, any contract therefor.
The takeover bid is not being made and will not be made directly or indirectly
in, or by use of the mails of, or by any means or instrumentality of interstate
or foreign commerce of, or any facilities of a national securities exchange of,
the United States of America. This includes, but is not limited to, facsimile
transmission, electronic mail, telex, telephone and the internet. Accordingly,
copies of this announcement and any related takeover bid documents are not
being, and must not be, mailed or otherwise transmitted, distributed or
forwarded in or into the United States of America. Any purported acceptance of
the takeover bid resulting directly or indirectly from a violation of these
restrictions will be invalid. No securities or other consideration is being
solicited and if sent in response by a resident of the United States of America
will not be accepted. No indications of interest in the takeover bid are sought
by this announcement. 

The release, publication or distribution of this announcement in certain
jurisdictions may be restricted by law and therefore persons in such
jurisdictions into which this announcement is released, published or
distributed should inform themselves about and observe such restrictions.
Receipt of this announcement will not constitute a takeover bid in those
jurisdictions in which it would be illegal to make the takeover bid and in such
circumstances it will be deemed to have been sent for information purposes
only. 

The takeover bid will not be made, directly or indirectly, in or into and is
not and will not be capable of acceptance in or from Canada, Australia, Japan
or Italy. Any purported acceptance of the takeover bid resulting directly or
indirectly from a violation of these restrictions will be invalid. 

Persons receiving this document or any other related documents (including
custodians, nominees and trustees) should observe these restrictions and must
not send or distribute this document in or into the United States of America
Canada, Australia, Japan or Italy. Doing so may render invalid any purported
acceptance. 




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