LIETUVOS TELEKOMAS

MATERIAL EVENT



DECISIONS OF GENERAL MEETING OF SHAREHOLDERS



Decisions of AB Lietuvos telekomas General Meeting of Shareholders held on

30 April 2001:

1. Approve the Board’s report on the Company’s activities in year 2000.

2. Approve the Company’s annual financial documentation. According to

International Accounting Standards AB Lietuvos telekomas’ Group consolidated

net profit for year 2000 – 240.4 million Litas. The Company’s net profit in

2000 according to Lithuanian Accounting Standards – 272.5 million Litas.

3. Distribute the year 2000 profit and pay a 0.15 Litas dividend per share.

4. Change By-Laws of the Company.

5. Allow the General Manager of the Company to be the Head of the

Administrations, member or chairman of the Board of any other enterprises doing

similar business or enterprises which carries on the Company’s production or

services process and the sale of products.

6. Elect Peter Reiniger, Mikko Pirinen, Jaakko Nevanlinna, Anna Maria Smela and

Ekberg Morgan as the members of the Board.

7. Elect UAB PriceWaterhouseCoopers as the Company’s auditor for audit of

Company’s financial statements for year 2001.





Egle Gudelyte-Harvey

Director of Legal Department

+370 2 36 72 92