TEO LT, AB - Notification on material event

Decisions of Extraordinary General Meeting of Shareholders on 25 November 2008

On 25 November 2008, Extraordinary General Meeting of TEO LT, AB (hereinafter
‘the Company' or ‘TEO') shareholders decided: 

1. To reorganize TEO LT, AB and AB Nacionalinė Skaitmeninė Televizija in
accordance with Part 3 of Article 2.97 of the Civil Code of the Republic of
Lithuania by way of merging, by merging AB Nacionalinė Skaitmeninė Televizija,
which, after the reorganization, will cease its activities as a legal entity,
into TEO LT, AB according to the reorganization conditions attached hereto as
Annex 1. To approve the reorganization conditions attached hereto as Annex 1 

2. To approve the new edition of the By-laws of TEO LT, AB (attached hereto as
Annex 2) as of the company that continues its business activities after the
reorganization of TEO LT, AB and AB Nacionalinė Skaitmeninė Televizija. 

To authorize General Manager of TEO LT, AB by providing him with the right to
reauthorize, to sign the new edition of the By-laws, to register them in
accordance with the procedure established by law and to perform all other
actions related to the reorganization. 


TEO LT, AB continuing after the reorganization shall take over the assets,
rights and obligations of AB Nacionalinė Skaitmeninė Televizija under the Deed
of Transfer-Acceptance. The Deed of Transfer-Acceptance shall be signed on the
day of the registration in the Register of Legal Entities of the new version of
the By-laws of TEO LT, AB. 


ENCL.: 	
- Reorganization conditions of TEO LT, AB and AB Nacionalinė Skaitmeninė
Televizija. 
- By-laws of TEO LT, AB.


Paulius Pakutinskas, 
Senior Legal Adviser of Corporate Administration and Legal Affairs Unit, 
tel. +370 5 236 73 30

Attachments:

teo bylaws.pdf

reorganization conditions.pdf