LIETUVOS TELEKOMAS

MATERIAL EVENT



NOTICE OF ANNUAL GENERAL MEETING



The Annual General Meeting of AB Lietuvos Telekomas’ (code 2121543, registered

address: Savanorių pr. 28, Vilnius, Lithuania) Shareholders will be held at

room 156 of Lietuvos Telekomas’ headquarters, Savanorių pr. 28, Vilnius,

Lithuania, at 3 p.m. on 23 April 2004. Registration will take place from 2 p.m.

till 2.45 p.m.



The meeting is convened by initiative of the Board and following the decision

of the Board adopted on 16 March 2004.



The record day of the General Meeting of Shareholders is 16 April 2004.



Proposed Agenda:

1) Information of the Company’s auditor;

2) Approval of the Company’s activity report of the year 2003;

3) Approval of the annual financial statements;

4) Allocation of 2003 Company’s profit;

5) Election of the Company’s auditor;

6) Change of the By-laws of the Company;

7) Recall of the Company’s Board members;

8) Election of the Company’s Board members.



Shareholders who at the end of the record day of the General Meeting of

Shareholders, i.e. 16 April 2004, will be on the shareholders list of the

Company have a right to participate and vote at the General Meeting of

Shareholders personally or by proxy, or represented by the person with whom

an agreement on the transfer of voting rights is concluded.



All persons attending the General Meeting of Shareholders and having a voting

right must bring with them a person’s identification document. Shareholders’

representative must present to the General Meeting an original proxy issued in

the form and content established by the Law.



From 13 April 2004 shareholders could get familiarised with the documents

possessed by the Company related to the agenda of the Meeting, including draft

resolutions, at the headquarters of AB Lietuvos Telekomas, Savanoriu ave. 28,

Vilnius, Lithuania.





Darius Dziaugys

Senior Specialist Investor Relations

+370 5 236 78 78