TEO LT, AB - Notification on material event

Head of TEO Technology and IT Division will be Andrius Šemeškevičius

The Board of telecommunications company TEO LT, AB has appointed Andrius
Šemeškevičius as the Head of Technology and IT Division. He will join TEO
management team in August 2014 and will be responsible for development of
technologies, management of information systems and infrastructure,
technological basis for services. 

A.Šemeškevičius will join TEO management team after nine years career in “Rimi
Baltic” Group. For the last six years he was IT director for Baltic countries
and was responsible for IT management of “Rimi” and „Supernetto/Säästumarket“
retail chain in Lithuania, Latvia and Estonia. New Head of Technology and IT
Division has also worked as an IT manager in the companies “Krasta auto” andSBA Group company “Klaipėdos baldų prekyba” (Klaipėda Furniture Commerce). 

38 years old A.Šemeškevičius has graduated from Vilnius Gedimino Technikos
University and has bachelor's and master's degrees in Engineering Informatics. "TEO will give more attention and investment in development of IT services. I
am glad that Andrius will bring to TEO management team his experience and
competences from IT field. I hope that with him we will be able to focus more
on customer experience, to offer more technological innovations and solutions
that they need,” - Kęstutis Šliužas, TEO General Manager said. "It is an interesting opportunity for me to use my competence not only to
implement IT solutions, but also to create them, adapt to the needs of
customer. Until now I was working with TEO and other telecommunications and IT
companies as a client, using the technological solutions they provide in
business. This experience will be an asset: understanding what customers of the
company need, I will be able to adjust the services and accommodate their
wishes better," - A.Šemeškevičius said. 

By implementing organizational changes TEO aims to focus more on the customer
experience. The changes are aimed at being closer to the customer, working more
efficiently and offering them faster the most appropriate solutions. New
structure of TEO will take effect in June 2014. 

Andrius Šemeškevičius has 11,682 shares of TEO LT, AB that accounts to 0.0015
per cent of the total number of the Company's shares and votes. 




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