TEO LT, AB - Notification on material event

E. Kasperavičius will take the position of Chief Sales Officer of TEO

On 29 January 2013, the Board of TEO LT, AB (hereinafter - “TEO” or “the
Company”) decided to appoint Edis Kasperavičius, who until now has been working
as Director of Human Resources Unit of the Company, to the position of Chief
Sales Officer starting from 14 February 2013. Darius Gudačiauskas, former Chief
Sales Officer, has decided to withdraw from TEO Group. 

While performing his duties as Director of Human Resources Unit for nine years,
E. Kasperavičius led the organisational development of TEO, structural change
management and employee competence development, and was one of the developers
of the Company's customer care standards and management principles. He had
previously worked as Human Resources Manager at Hansabankas (now Swedbank), and
he is also one of the founders of the Association of Human Resources
Professionals and a member of its board. 

E. Kasperavičius is a graduate of the International Executive MBA program at
the Baltic Management Institute, as well as holds a Master's degree in
Psychology from the Vilnius University. 

According to Arūnas Šikšta, General Manager of TEO, the trends of the
Lithuanian telecommunications market have led to the need to dedicate most of
the Company's existing capacities for the implementation of customer
expectations, and for ensuring them, the Company needs a different kind of
leadership. 

According to him, the contribution of D.Gudačiauskas to the Company's business
activities was highly significant and allowed the Company to become a leader in
its field. "I, on my own behalf and on behalf of TEO shareholders, express
gratitude to Darius for the successful organization and development of the
Company's sales, as well as for the improvement of the Company's customer
care", - A.Šikšta said. "After seven successful years in the highly competitive and rapidly changing
telecommunications market, I am determined to take further challenges. I am
glad to have had the opportunity to work in one of the most professional teams
in Lithuania, where I was able to develop and pass on my knowledge about sales
management", - D.Gudačiauskas said. 




         Antanas Bubnelis,
         Director of Corporate Communication Unit,
         tel. +370 5 236 7537