LIETUVOS TELEKOMAS

MATERIAL EVENT



GENERAL MEETING OF SHAREHOLDERS



The General Meeting of Shareholders of AB Lietuvos telekomas (hereinafter

referred to as the Company) will take place at National Philharmonic of

Lithuania, Ausros vartu St. 5, Vilnius, Lithuania, on April 30, 2001

at 16 p.m.



Draft Agenda:

1)Information on the Company’s auditor’s report;

2)Approval of the Board report on the activities of the Company in the year

2000;

3)Approval of the annual financial statements;

4)Allocation of the profit;

5)Changes of the By-laws of the Company;

6)Participation of the General Manager of the Company in the governance of the

daughter companies;

7)Election of the Board members;

8)Election of the Company’s auditor.



Registration from 12 a.m. till 15 p.m.



Shareholder must have a statement from their securities account, specially

issue for this General Meeting of Shareholders and person’s identification

document. Representatives of the Shareholders must have a Proxy, issued in

conformity with the requirements of Laws of the Republic of Lithuania.



From 23 April 2001, on business days: I-IV from 8.00 till 12.30 and from 13.15

till 17.00; and V from 8.00 till 12.30 and from 13.15 till 16.15 at Savanoriu

ave. 28 in Vilnius, Taikos ave. 54 in Kaunas, Danės 6 in Klaipeda, Dvaro 88 in

Siauliai or Nemuno 79 in Panevėžys will be possible to get acquainted with the

documentation for the General Meeting of Shareholders and to get the Ballot

paper for voting in writing.



Shareholder, after getting acquainted with the Draft Resolutions of the Meeting

of Shareholders and wishing to declare his will on the issues of the Agenda in

advance, can vote in writing. Ballot paper for voting in writing must be

received one day before the Meeting of Shareholders by the Company’s address:

AB Lietuvos telekomas, Savanoriu ave. 28, 2600 Vilnius, Lithuania. Shareholders

must enclose the statement of their securities account, specially issued for

this General Meeting of Shareholders beside the Ballot paper for voting in

writing. Otherwise, voting in writing will not be valid.



The Board of Directors





Darius Dziaugys

Investor Relations

+370 2 60 36 99