LIETUVOS TELEKOMAS

MATERIAL EVENT



WILL REDUCE THE TARIFFS FOR CALLS TO THE MOBILE NETWORK OF TELE2



AB Lietuvos Telekomas and UAB Tele2 have agreed to change the interconnection

fees and due to this reason, tariffs for calls from the Company’s fixed-line

network to the mobile network of Tele2 will be reduced from 1 February 2003.



In order to make the price for the calls from the fixed-line network to the

mobile network of Tele2 to be in line with the requirements of the Resolution

of the Government on Establishment of the Price Limits for Public Fixed-line

Telephony Services dated 6 December 2001 and the Order of Director of the

Communications Regulatory Authority on Establishment of the Temporary Price

Limits for Public Fixed Telephony Services and Public Fixed Telephone Network

Services Provided by AB Lietuvos Telekomas and its Associated Legal Entities

dated 20 December 2002, 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 the mobile network of Tele2 for the period from 5 December 2002

until 1 February 2003.





Egle Gudelyte-Harvey

Director of Legal Division

+370 5 236 72 92