LIETUVOS TELEKOMAS

MATERIAL EVENT



LIQUIDATION OF UAB VERSLO PORTALAS



On 18 February 2004, the Board of AB Lietuvos Telekomas decided to authorise

Arunas Siksta, General Manager of AB Lietuvos Telekomas, to vote “For” during

forthcoming General Meeting of UAB Verslo Portalas’ Shareholders on subjects

related to termination of UAB Verslo Portalas’ activities and liquidation of

the company.



Following the decision of the General Meeting of UAB Verslo Portalas’

Shareholders on 24 February 2004 to terminate activities of the Company and

liquidate it, on 18 March 2004, Register of Legal Entities has registered

UAB Verslo Portalas as company under liquidation.





Egle Gudelyte-Harvey

Director of Corporate and Legal Affairs Unit

+370 5 236 72 92