TEO LT, AB - Notification on material event

The Board approved reorganization conditions and convokes General Meeting of shareholders

On 15 October 2008 the Board of TEO LT, AB (hereinafter TEO or “the Company”)
decided: 

- To approve the reorganization conditions for merging AB Nacionalinė
Skaitmeninė Televizija into TEO LT, AB. After reorganization AB Nacionalinė
Skaitmeninė Televizija will cease its activities as a legal entity. 

- To convoke the Extraordinary General Meeting of Shareholders in TEO LT, AB
headquarters, at room 157, Savanoriu ave. 28, Vilnius, Lithuania, at 13.00 on
25 November 2008, and to propose to the General Meeting of Shareholders' the
following draft agenda: 
1) Regarding approval of the reorganisation by merging of AB Nacionalinė
Skaitmeninė Televizija into TEO LT, AB. 
2) Regarding approval of a new edition of the By-laws of TEO LT, AB.


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