TEO LT, AB - Notification on material event

Reorganization Conditions for reorganization of UAB Hostex and UAB Interdata

We hereby inform that Reorganization Conditions for reorganization of the
companies belonging to TEO LT, AB Group - UAB Hostex and UAB Interdata - are
prepared. On the basis of the Reorganization Conditions it is planned that
companies shall be reorganized in accordance with the Part 3 of Article 2.97 of
the Civil Code of the Republic of Lithuania by way of merger, by merging UAB
Interdata that, after the reorganization, will cease its activities as a legal
entity, into UAB Hostex, that will continue its activities after the
reorganization. UAB Hostex continuing after the reorganization shall take over
all the assets and liabilities as well as the rights and obligations of UAB
Interdata. 

A 100 per cent stake in UAB Hostex is owned by UAB Baltic Data Center, a
subsidiary of TEO LT, AB. UAB Hostex owns a 100 per cent stake in UAB
Interdata. Both companies provide web-hosting services. UAB Interdata has a
subsidiary UAB Hosting. 




         Paulius Pakutinskas,
         Senior Legal Adviser of Corporate Administration and Legal Affairs
Unit, 
         tel. +370 5 236 7330