TEO LT, AB Stock Exchange Release 14.02.2007 Agreement regarding acquisition of UAB Mikrovisatos TV shares is cancelled TEO LT, AB (hereinafter TEO or “the Company”) announces that shareholders of UAB Mikrovisatos TV as of 12 February 2007 cancelled preliminary share sale – purchase agreement with TEO. On 20 December 2006, TEO announced that the Company signed a Memorandum of Understanding with shareholders of Mikrovisata TV regarding acquisition of 100 per cent stake in UAB Mikrovisata TV and submitted an application to Lithuanian Competition Council for permission of market concentration. It was planned to complete the transaction by mid of February 2007. Vygandas Juras, Director of Strategic Development and Research Unit, tel. +370 5 274 82 41.