TEO LT, AB - Notification on material event

Completed reorganization of UAB Hostex and UAB Interdata

We hereby inform that reorganization of the companies belonging to TEO LT, AB
Group - UAB Hostex and UAB Interdata - is completed. 

UAB Interdata that, after the reorganization, ceased its activities as a legal
entity, in accordance with the Part 3 of Article 2.97 of the Civil Code of the
Republic of Lithuania was merged into UAB Hostex that continues its activities
after the reorganization. UAB Hostex that held a 100 per cent stake in UAB
Interdata took over all the assets and liabilities as well as the rights and
obligations of UAB Interdata. UAB Interdata had a subsidiary, UAB Hosting,
which from now on became a subsidiary of UAB Hostex. 

All share of UAB Hostex, a provider of web-hosting services, are owned by UAB
Baltic Data Center, a subsidiary of TEO LT, AB. 




         Paulius Pakutinskas,
         Senior Legal Adviser of Corporate Administration and Legal Affairs
Unit, 
         tel. +370 5 236 7330