TEO LT, AB - Notification on material event

Extraordinary General Meeting of Shareholders on 9 February 2009 at 11 a.m.

The Extraordinary General Meeting of TEO LT, AB (code 1212 15434, registered
address: Savanorių ave. 28, Vilnius, Lithuania) Shareholders will be held at
room 157 of TEO LT, AB headquarters, Savanorių ave. 28, Vilnius, Lithuania, at
11.00 on 9 February 2009. Registration will take place from 10.00 till 10.45. 

The meeting is convened by initiative of the Board and following the decision
of the Board adopted on 7 January 2009. 

The shareholders' registration day for the General Meeting of Shareholders is 2
February 2009. 

Proposed Agenda:
1. Election of the Board member.

Shareholders who at the end of the shareholders' registration day for the
General Meeting of Shareholders, i.e. 2 February 2009, will be on the
shareholders list of the Company have a right to participate and vote at the
General Meeting of Shareholders personally or by proxy, or represented by the
person with whom an agreement on the transfer of voting rights is concluded. 

All persons attending the General Meeting of Shareholders and having a voting
right must bring with them a person's identification document. Shareholders'
representative must present to the General Meeting an original proxy issued in
the form and content established by the Law. 

From 26 January 2009 shareholders could get familiarised with the documents
possessed by the Company related to the agenda of the Meeting, including draft
resolutions, at the headquarters of TEO LT, AB, Savanorių ave. 28, Vilnius,
Lithuania, tel: +370 5 236 7878. 


Darius Džiaugys,
Head of Information Sector,
tel. +370 5 236 7878