LIETUVOS TELEKOMAS

MATERIAL EVENT



RESOLUTIONS OF THE ANNUAL GENERAL MEETING



On 23 April 2004, Annual General Meeting of AB Lietuvos Telekomas decided:



- To approve the Company’s activity report of the year 2003, inspected by

the Company’s audit enterprise UAB PricewaterhouseCoopers.



- To approve audited Company’s annual financial statements for the year 2003,

prepared according to the Accounting Standards of the Republic of Lithuania and

according to International Financial Reporting Standards.



- To allocate the Company’s profit of the year 2003 in the following way:

46,609,051 litas for dividends (0.06 litas dividend per share) and 378,000

litas for tantiems for members of the Board.



- To elect UAB PricewaterhouseCoopers as the Company’s audit enterprise for

two years to make the audit of the 2004 and 2005 Company’s financial statements

and to make the inspection of the reports on the activity of the Company in

2004 and 2005.



- To approve the new edition of the Company’s By-laws.



- To recall from the Board of the Company all members of the Board:

Matti Hyyrynen; Andrius Šukys, Erik Hallberg, Morgan Ekberg, Kennet Radne,

Timo Virtanen, Gintautas Žintelis.



- To elect to the Board of the Company for new term of the Board (for 2 years):

Morgan Ekberg, Erik Hallberg, Matti Hyyrynen; Kennet Radne, Andrius Šukys,

Timo Virtanen, Gintautas Žintelis.





Egle Gudelyte-Harvey

Director of Corporate and Legal Affairs Unit

+370 5 236 72 92