LIETUVOS TELEKOMAS

MATERIAL EVENT



DECISIONS OF THE BOARD



On 16 June 2004, the Board of AB Lietuvos Telekomas decided:



- To elect Board member Erik Hallberg as a Chairman of the Board for the term

of the Board (till 2006 04 23) and appoint him to be in the chair at the

meetings of the Board during the term of this Board.



- Following the refusal of tantiems for the year 2003 by one member of the

Board, to divide total amount of tantiems of 378,000 litas allocated to the

Board members during the Annual General Meeting of Shareholders, which was held

on 23 April 2004, into six equal portions, i.e. 63,000 litas per each member of

the Board. De facto in the year 2003 seven Board members were acting in the

Board.



- To approve proposal of UAB Comliet to sell all shares of Latvian company

Datu Tikli SIA owned by UAB Comliet. In May 2002, UAB Comliet acquired

75 per cent of Datu Tikli SIA shares.



- To approve proposal of UAB Comliet to increase share capital of

UAB Sonex Komunikacijos, a subsidiary of UAB Comliet.





Egle Gudelyte-Harvey

Director of Corporate and Legal Affairs Unit

+370 5 236 72 92