On 15 July 2008, Extraordinary General Meeting of TEO LT, AB (hereinafter ‘the Company' or ‘TEO') shareholders decided: 1. To approve preparation of the draft reorganisation conditions with the view of merging by acquisition UAB Nacionalinė Skaitmeninė Televizija into TEO LT, AB on condition that UAB Nacionalinė Skaitmeninė Televizija changes its legal form into a public company before the public announcement of the reorganisation conditions. 2. To elect to the Board of the Company for the current term of the Board Mr Justas Pipinis, proposed by Amber Teleholding A/S. Mr Justas Pipinis (born in 1973) is Managing Director of East Capital Holding AB (Sweden) and East Capital International AB (Sweden). Also he is Board Member of East Capital AB, Director of East Capital Alternative Investments Ltd, Director of East Capital Asia Ltd, Board Member of East Capital Asset Management AB, Board Member of East Capital Explorer AB (publ), Chairman of East Capital Financials Fund AB, Chairman of East Capital Financials Fund Investors AB (publ), Chairman of East Capital International AB, Chairman of East Capital Norway AS, Chairman of East Capital Power Utilities Fund AB, Board Member of East Capital Private Equity AB, Board Member of Stingray Holding AB. Justas Pipinis has no direct interest in the share capital of TEO LT, AB. As of 30 June 2008 East Capital owned 29,495,360 shares of TEO LT, AB which amounts to 3.62 per cent of the Company's share capital and 3.80 per cent of votes. Following The Governance Code for the Companies Listed on the Vilnius Stock Exchange Justas Pipinis is regarded as independent and non-executive member of the Board. Eglė Gudelytė-Harvey, Director of Corporate Administration and Legal Affairs Unit, tel. +370 5 236 72 92