TEO LT, AB - Notification on material event

Omnitel transferred its ownership rights in VšĮ SOS Projektai to Swedbank

AB Omnitel, a subsidiary of TEO LT, AB, transferred its ownership rights and a
50 per cent stake in VšĮ SOS Projektai to Swedbank AB (Lithuania) free of
charge. From now on Swedbank is a sole owner of VšĮ SOS Projektai. 

VšĮ SOS Projektai, a not for profit organisation for implementation of
professional volunteering project “Kam to reikia?!” (“Who needs that?!”), was
established by Omnitel and Swedbank, both having equal rights and stakes of a
50 per cent each. 

The aim of professional volunteering initiative “Kam to reikia?!” (“Who needs
that?!”) is to prompt representatives of various professions to share their
experience and to help schoolchildren to choose their career path. From now on
Omnitel will collaborate with VšĮ SOS Projektai as a sponsor and will focus on
pupils’ encouragement to choose specialities of information and communication
technologies (ICT). 




         Giedrė Kaminskaitė-Salters,
         Head of Legal,
         tel. +370 5 236 7715