LIETUVOS TELEKOMAS

MATERIAL EVENT



ADOPTED DECISIONS OF A GENERAL SHAREHOLDERS’ MEETING



On 12 October 2000, the extraordinary meeting of AB Lietuvos Telekomas

shareholders took place. At the meeting it was decided to:

1) amend and supplement the company’s Articles of Association with the

following sub-paragraphs:

“56) 22.22 Printing n.e.c.” and

“9.4.9.) The Board adopts decisions regarding issuance of bonds”;

2) elect "Arthur & Andersen” auditor of the company for the year 2000 to audit

the company’s financial statements.





Aida Raziulytė

Director of Legal Department

8-22-251 333