LIETUVOS TELEKOMAS

MATERIAL EVENT



GENERAL MANAGER DECIDED NOT TO APPEAL AGAINST THE COURT'S RULING ON IMPOSITION

OF THE FINE



General Manager of AB Lietuvos Telekomas has taken a decision not to appeal

against the ruling made by Vilnius District Court No. 2 on 3 December 2002 on

imposition of the fine on the basis of the protocol made by the Communications

Regulatory Authority. During the first quarter of 2003 the Company will

recalculate the amounts paid by its customers for the calls from the fixed-line

network to mobile networks for the period from 1 September to 4 December 2002

inclusive. Under the preliminary estimations, the Company will make adjustments

in its customers’ bills on the level of LTL 4 million.





Violeta Uleviciene

Head of the Information Unit

+370 5 236 76 79