TEO LT, AB - Notification on material event

Nominees to the Board of TEO LT, AB

TEO LT, AB (hereinafter ‘the Company' or ‘TEO') from the largest shareholder of
the Company, TeliaSonera AB, which holds 88.15 per cent of the Company's shares
and votes, received a letter with the list of nominees to the Company's Board
for the current term of the Board instead of members of the Board Malin
Frenning, Jens Lööw and Mats Lillienberg who are resigning from the Board as of
28 April 2014. The resigning members of the Company's Board from April 2014
took new positions at TeliaSonera AB, which are not be directly related to TEO. 

As a shareholder of TEO LT, AB TeliaSonera AB proposes to the Annual General
Meeting of Shareholders to be held on 29 April 2014 in Vilnius, Lithuania, the
following nominees to be elected to the Board of TEO LT, AB: 

1. Mr Robert Andersson
2. Mr Stefan Block
3. Mr Claes Nycander

Robert Andersson (born in 1960) is Executive Vice President and Head of Region
Europe at TeliaSonera AB, Sweden. Education: Master of Business Administration,
International Business, George Washington University, Washington DC; Master of
Science, Accounting/Finance, Swedish School of Economics and Business
Administration, Helsinki. Current Board assignments: member of the Board of
Enea AB, Sweden. He holds 10,000 shares in TeliaSonera AB and has no direct
interest in the share capital of TEO LT, AB. 

Stefan Block (born in 1967) is Chief Financial Officer of Region Europe at
TeliaSonera AB, Sweden. Education: Bachelor of Science in Business and
Administration, University of Stockholm, Sweden. He is not involved in
activities of other companies and has no direct interest in the share capital
of TEO LT, AB. 

Claes Nycander (born in 1963) is Chief Technology Officer of Region Europe at
TeliaSonera AB, Sweden. Education: Master of Business and Administration,
Uppsala University, Sweden; Master of Science in Electrical Engineering,
Stanford University Palo Alto (U.S.A.); Master of Science in Electrical
Engineering, Technical University of Linköping, Sweden; Bachelor of Science in
Mathematics, University of Linköping, Sweden. Current Board assignments: member
of the Board of Systecon AB, Sweden. He has no direct interest in the share
capital of TEO LT, AB. 

Following provisions of The Governance Code for the Companies Listed on the
NASDAQ OMX Vilnius stock exchange nominees upon election would be regarded as
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,
Lvovo str. 25, Vilnius, Lithuania, or at the Company's internet website
www.teo.lt. 

ENCL.: Curriculum Vitae of the nominees to the Board of TEO




         Eglė Gudelytė-Harvey,
         Director of Corporate Administration and Legal Affairs Unit,
         tel. +370 5 236 72 92

Attachments:

CV_Stefan_Block_EN.pdf

CV_Claes_Nycander_EN.pdf

CV_Robert_Andersson_EN.pdf