TEO LT, AB - Interim information

Interim Consolidated Financial Statements for the twelve months of 2007

TEO LT, AB Group, an integrated telecommunication, IT and TV services provider,
announces its unaudited Consolidated Interim Financial Statements for the
twelve months of 2007, prepared according to International Financial Reporting
Standards as adopted by the European Union. 

The total consolidated TEO Group's revenue for the twelve months of 2007 was
LTL 793 million (EUR 229.7 million), an increase by 8 per cent over the total
revenue of LTL 735 million (EUR 212.9 million) for the twelve months of 2006. 

EBITDA for the twelve months of 2007, compared with the twelve months of 2006,
increased by 0.1 per cent and amounted to LTL 352 million (EUR 101.9 million).
EBITDA margin amounted to 44.4 per cent (47.9 per cent in 2006). 

Profit before income tax for the twelve months of 2007 was up by 21 per cent
and amounted to LTL 196 million (EUR 56.8 million) (LTL 162 million (EUR 46.9
million) a year ago). 

Profit for the period amounted to LTL 163 million (EUR 47.2 million), an
increase by 24.7 per cent over LTL 131 million (EUR 37.9 million) a year ago. 

Arūnas Šikšta, General Manager of TEO LT, AB, has made the following comments
on results for the twelve months of 2007: 

“The Company's financial results for the year 2007 are the best over the last
four years. Over the year, the Company's revenue increased by 8 per cent
showing positive trends in all services areas. Revenue for the fourth quarter
of 2007 went up even by 12 per cent, year-on-year. We are indeed proud to
report a 24.7 per cent net profit growth. An increase in operating expenses is
just a temporary factor in order to stimulate an increase of the Company's
market share, activities in the new business areas as well as improvement of
internal structure. 

In 2008, TEO AB, LT is going to be strongly focused on increasing IPTV / DVB -T
as well as data and broadband internet customer base. We will be strongly
oriented towards offering IT/Telco service packages to the business customers
segment.“ 

ENCL.: TEO LT, AB Interim Consolidated Financial Statements for the twelve
months of 2007. 

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