TEO LT, AB - Notification on material event

The Court decision regarding the land lot at 21A Lvovo str.

Lithuanian Court of Appeal decided to retain in force the decision of Vilnius
District Court, confirming that the land lot at 21A Lvovo str. is lawfully used
by TEO Group (further - TEO). It opens the way again for the group to use
freely the land and start the activities in this lot. 

The appeal to the Court was concerning the agreement on lease of the state
owned land, located at 21A Lvovo str. in Vilnius. Until 2007 on this land lot
there were buildings owned by TEO, most of which were demolished in preparation
for construction of the company's new headquarters building. 

This week's decision of the Court of Appeal is important for TEO, which from
2006 due to the judicial processes could not carry out activities on this land
lot leased from the municipality. TEO now is considering further possibilities
for the use of this site. 




         Eglė Gudelytė-Harvey,
         Head of Legal Affairs Division,
         tel. +370 5 236 7292