LIETUVOS TELEKOMAS

MATERIAL EVENT



REVISED PROFIT FORECAST FOR THE END OF 2002



Instead of previously announced net profit forecast of 100 million litas for

the end of 2002, Lietuvos Telekomas has calculated a new profit estimate based

to managements latest best knowledge. The new forecast for the end of the year

is on the level of 70 million litas net profit after taxes.



A detailed report of Lietuvos Telekomas’ Group results for the third quarter of

2002 will be released on 29 October 2002.





Jan-Erik Elserius

Director of Finance Department

+370 5 236 76 03