TEO LT, AB - Notification on material event

Nominees to the Board of TEO LT, AB

TEO LT, AB (hereinafter ‘the Company' or ‘TEO') from the largest shareholder of
the Company, TeliaSonera AB, which holds 88.15 per cent of the Company's shares
and votes, received a letter with the list of nominees to the Board of the
Company. 

As a shareholder of TEO LT, AB TeliaSonera AB proposes to the Annual General
Meeting of Shareholders to be held on 25 April 2013 in Vilnius, Lithuania, the
following nominees to be elected to the Board of TEO LT, AB: 

1. Ms Malin Frenning,

2. Ms Tiia Tuovinen,

3. Ms Inga Skisaker,

4. Mr Jens Lööw,

5. Mr Mats Lillienberg,

6. Mr Rolandas Viršilas.



Malin Frenning (born in 1967) - Chairwoman of the Board of TEO LT, AB, member
of the Board since 26 April 2010, re-elected for the two-year term on 28 April
2011 (nominated by Amber Teleholding A/S, the then subsidiary of TeliaSonera
AB), member of the Remuneration Committee of the Board. Education: Luleå
University of Technology (Sweden), Master of Science in Mechanical Engineering
and Honorary Doctor of Technology. Employment: TeliaSonera AB (Sweden),
President of Business Area Broadband Services. Current Board assignments:
TeliaSonera Network Sales AB (Sweden), Chairwoman of the Board; TeliaSonera
International Carrier AB (Sweden), Chairwoman of the Board; TeliaSonera Skanova
Access AB (Sweden), Chairwoman of the Board; Elion Ettevõtted AS (Estonia),
Chairwoman of the Supervisory Council; ESRI S-Group AB (Sweden), member of the
Board. Malin Frenning has no direct interest in the share capital of TEO LT,
AB. 

Tiia Tuovinen (born in 1964) - member of the Board of TEO LT, AB since 28 April
2009, re-elected for the two-year term on 28 April 2011 (nominated by Amber
Teleholding A/S, the then subsidiary of TeliaSonera AB), member of the Audit
Committee of the Board. Education: University College London (United Kingdom),
Master of Laws, and University of Helsinki (Finland), Master of Laws.
Employment: TeliaSonera Finland Oyj (Finland), General Counsel for Broadband
Services and Vice President for Real Estates and Property Planning in Finland.
Current Board assignments: Lattelecom SIA (Latvia), member of the Supervisory
Council; TeliaSonera Finland Oyj (Finland), member of the Board; TeliaSonera
International Carrier AB (Sweden), member of the Board; Tilts Communications
A/S (Denmark), member of the Board and Managing Director; Kekkilä Oy (Finland),
member of the Board; member of the Board of several real estate companies in
Helsinki, Finland. Tiia Tuovinen has no direct interest in the share capital of
TEO LT, AB. 

Inga Skisaker (born in 1962) - member of the Board of TEO LT, AB, elected for
the two-year term on 28 April 2011 (nominated as independent candidate by Amber
Teleholding A/S, the then subsidiary of TeliaSonera AB), member of the Audit
Committee of the Board. Education: Vilnius University (Lithuania), Master of
International Business Administration. Employment: Nordea Bank Finland Plc
Lithuania Branch, General Manager. Current Board assignments: Baltic Management
Institute (Lithuania), member of the Board; Investors Forum (Lithuania), member
of the Board. Inga Skisaker has no direct interest in the share capital of TEO
LT, AB. 

Jens Lööw (born in 1965). Education: Bachelor of Economics & Accounting from
the Business School at University of Umeå (Sweden). Employment: Chief Financial
Officer of Business Area Broadband Services, TeliaSonera AB (Sweden). Current
Board assignments: TeliaSonera Network Sales AB (Sweden), member of the Board,
Teliasonera Skanova Access AB (Sweden), member of the Board, Elion Ettevõtted
AS (Estonia), member of the Supervisory Council. Jens Lööw has no direct
interest in the share capital of TEO LT, AB. 

Mats Lillienberg (born in 1960). Education: studies in software design and
economics. Employment: Chief Technology Officer, SunGard Financial Systems. He
is not involved in activities of other companies and has no direct interest in
the share capital of TEO LT, AB. 

Rolandas Viršilas (born in 1963). Education: Vilnius University (Lithuania),
Faculty of Mathematics, Master‘s degree. Employment: UAB “Švyturys - Utenos
Alus” (Lithuania), CEO. He is not involved in activities of other companies.
Rolandas Viršilas has 100,000 shares of TEO LT, AB that accounts to 0.0129 per
cent of the total number of the Company's shares and votes. 



Following provisions of The Governance Code for the Companies Listed on the
NASDAQ OMX Vilnius stock exchange all nominees upon election would be regarded
as non-executive member of the Board, while Inga Skisaker and Rolandas Viršilas
besides would be regarded as independent members of the Board. 

The documents possessed by the Company related to the agenda of the Meeting,
including draft resolutions, are available at the headquarters of TEO LT, AB,
Lvovo str. 25, Vilnius, Lithuania, or at the Company's internet website
www.teo.lt. 



ENCL.:

- Curriculum Vitae's of nominees to the Board




         Eglė Gudelytė-Harvey,
         Director of Corporate Administration and Legal Affairs Unit,
         tel. +370 5 236 72 92

Attachments:

Jens_Loow_CV_en.pdf

Malin_Frenning_CV_en.pdf

Mats_Lillienberg_CV_en.pdf

Inga_Skisaker_CV_en.pdf

Tiia_Tuovinen_CV_en.pdf

Rolandas_Virsilas_CV_en.pdf