TEO LT, AB - Notification on material event

Malin Frenning became Chairwomen of the Board, elected members of Audit and Remuneration Committees

On 9 June 2011, the first meeting of TEO LT, AB (hereinafter ‘the Company' or
‘TEO') Board, which was elected for the two years term by the General Meeting
of Shareholders on 28 April 2011, took place. 

The Board elected Malin Frenning as Chairwomen of the Board.

Malin Frenning (born in 1967) is a member of the Board of TEO LT, AB since 26
April 2010, re-elected for the two years term on 28 April 2011. Amber
Teleholding A/S (Denmark), a subsidiary of TeliaSonera AB (publ) and holder of
62.94 per cent of the Company's shares, proposed her to the Board. Malin
Frenning is the President of Business Area Broadband Services at TeliaSonera AB
(publ) (Sweden). She has a degree of Master of Science in Mechanical
Engineering from Luleå University of Technology (Sweden). Her current Board
assignments: TeliaSonera Network Sales AB (Sweden), Chairwoman of the Board;
TeliaSonera International Carrier AB (Sweden), Chairwoman of the Board;
TeliaSonera Skanova Access AB (Sweden), Chairwoman of the Board; NextGenTel AS
(Norway), Chairwoman of the Board; Elion Ettevõtted AS (Estonia), Chairwoman of
the Supervisory Council; ESRI S-Group AB (Sweden), member of the Board. Malin
Frenning has no direct interest in the share capital of TEO LT, AB. 

The Board also appointed the following members of the Board as the members of
Audit Committee for the term of two years (but in any case not longer than
until the term of the membership in the Board): Joakim Sundström, Tiia Tuovinen
and Inga Skisaker (independent member of the Board). 

The following members of the Board were appointed as the members of
Remuneration Committee for the term of one year (until 9 June 2012): Malin
Frenning, Lars Klasson ir Jonas Pilkauskas (independent member of the Board). 




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