LIETUVOS TELEKOMAS

MATERIAL EVENT



ADOPTED DECISIONS OF THE EXTRAORDINARY SHAREHOLDERS’ MEETING



On July 5, 2000 the extraordinary shareholders meeting was held where the

following decisions were adopted:

1) to convert employee shares into regular registered shares;

2) to change the company’s Articles of Association (to enlarge the list of

company’s activities, to include special share in the authorised capital, to

shorten the term for preparation of Business plan and its presentation to the

Board from 90 to 45 days, counted to the end of a calendar year);

3) to recall the following members of the Board: Rimvidas Kūgis, Jonas Ūsas,

Rūta Motiejūnienė, Gintautas Žintelis, Tapani Holopainen, Arvo Kukko, Martin

Henricsson, Ingmar Jonsson, and Anders Gylder;

4) to elect the following representatives to the Board for a two year period:

Martin Henricsson, Tapani Holopainen, Gintautas Žintelis, Arvo Kukko, Ingmar

Jonsson,Timo Virtanen, Per Bengtsson, Rimvidas Kūgis, and Frederic Pecastaings.

At the sitting of the Board members Gintautas Žintelis was elected new Chairman

of the Board.





Aida Raziulytė

Head of the Legal Unit

8-22-251333