LIETUVOS TELEKOMAS

MATERIAL EVENT



DECISIONS OF THE BOARD



On 2 October 2003, the Board of AB Lietuvos Telekomas approved the member list

of the Company’s Audit and Remuneration committees. The approved member list of

the Audit committee includes the following members of the Board of AB Lietuvos

Telekomas: Matti Hyyrynen, Timo Virtenen and Kennet Radne. The approved member

list of the Remuneration committee includes the following members of the Board

of AB Lietuvos Telekomas: Gintautas Zintelis, Andrius Sukys and Morgan Ekberg.



The Board approved the transfer all the shares of UAB Lintkom owned by AB

Lietuvos Telekomas to UAB Lintel.





Egle Gudelyte-Harvey

Director of Legal Division

+370 5 236 72 92