TEO LT, AB - Notification on material event

Audrius Žiugžda will start working in the management team of TEO

Audrius Žiugžda intends to take up the position of Strategic Project Management
Advisor to General Manager of TEO LT, AB, the largest provider of integrated
telecommunication, IT and TV services in Lithuania. 

It is planned that he will join the management team of TEO already in January.

Until October last year, 38-year-old A. Žiugžda worked as President and
Chairman of the Board of SEB Bank, the largest bank in Lithuania. He is a
graduate of the Vytautas Magnus University with B.A. in Business Administration
and M.A. in Marketing and International Trade. 


Darius Džiaugys, 
Head of Information Sector, 
tel. +370 5 236 7878