LIETUVOS TELEKOMAS

MATERIAL EVENT



REDEEMED 12 MILLION LITAS BONDS ISSUE



On 29 August 2003, AB Lietuvos Telekomas redeemed all 12,000 ten-year

book-entry registered bonds, par value 1,000 litas each (Lithuanian Securities

Commission Securities’ Registration Act No. AB-4791 dated 28 September 2000,

Securities’ Registration No. A54011422) paying 1,146.07 litas for each bond.



On 12 October 2000, for non-public circulation AB Lietuvos Telekomas placed an

issue of 12 million litas bond with an annual coupon of 12 per cent.



An early redemption option (final redemption of the bonds was set on

13 October 2010) was provided in the Information Memorandum of the Company’s

ten-year bonds issue.





Egle Gudelyte-Harvey

Director of Legal Division

+370 5 236 72 92