TEO LT, AB - Interim information

Consolidated Financial Statements and Consolidated Report for the 6 months of 2008

TEO LT, AB Group, an integrated telecommunication, IT and TV services provider,
announces its unaudited Consolidated Interim Financial Statements for the six
months of 2008, prepared according to International Financial Reporting
Standards as adopted by the European Union. 

The total consolidated TEO Group's revenue for the first six months of 2008 was
LTL 410 million (EUR 119 million), an increase by 8.3 per cent over the total
revenue of LTL 379 million (EUR 110 million) for the first six months of 2007. 

EBITDA for the first six months of 2008 went up by 7.3 per cent to LTL 185
million (EUR 54 million) over LTL 172 million (EUR 50 million) in the first six
months of 2007. EBITDA margin stood at 45.1 per cent. 

Profit before income tax in the first six months of 2008 was up by 11.8 per
cent and amounted to LTL 104 million (EUR 30 million) (LTL 93 million (EUR 27
million) a year ago). 

Profit for the period amounted to LTL 89 million (EUR 26 million), an increase
by 16 per cent over LTL 77 million (EUR 22 million) a year ago. 

Arūnas Šikšta, General Manager of TEO LT, AB, has made the following comments
on results for the first six months of 2008: 

“Results for the first half of 2008 are excellent. The Company is successfully
implementing its strategic goals and actively expanding its customers' base. In
spite of increase in fixed operating costs and decline in services prices due
to market regulations in the future, the Company will seek to increase its
profitability by efficiently managing expenses and increasing sales volumes.
During the second half of 2008 the Company will continue to fulfil its targets
for sales of DVB-T, IPTV and IT services”. 

ENCL.: 	
- TEO LT, AB Interim Consolidated Financial Statements for the six months of
2008. 
- TEO LT, AB Interim Consolidated Report for the six months of 2008


Jan-Erik Elsérius, 
Chief Financial Officer and Deputy General Manager, 
tel. +370 5 236 76 03.

Attachments:

2008_6_m_consolidated_report.pdf

2008_6_m_financial_statements.pdf