TEO LT, AB - Notification on material event

Tiia Tuovinen resigns from the Board

On 23 March 2016, TEO LT, AB (hereinafter – “Teo” or “the Company”) received
notifications from Tiia Tuovinen, member of the Board of the Company, about her
resignation from the Board of the Company as of 25 April 2016. TeliaSonera AB
(Sweden), the largest shareholders of Teo, has nominated her to the Board of
the Company. 

Tiia (Silja Kristiina) Tuovinen (born in 1964) is General Counsel, Global
Services and Operations at TeliaSonera AB (Sweden). She is member of the Board
of Teo from 28 April 2019. She is also member of the Audit Committee of the
Company. Tiia Tuovinen has no interest in the share capital of Teo. 

The Annual General Meeting of the Company’s Shareholders that shall elect a new
member of the Board for the current term of the Board to substitute the
resigned member of the Board is planned to be held on 26 April 2016. 




         Darius Džiaugys,
         Head of Investor Relations,
         tel. +370 5 236 7878