Financial Statements, Consolidated Annual and Independent Auditor's Report for the Year 2006

The Board of TEO LT, AB (hereinafter 'TEO' or 'the Company') approved TEO LT,
AB Financial Statements for the year 2006 prepared in accordance with
International Financial Reporting Standards adopted by the European Union, TEO
LT, AB Consolidated Annual Report for the year 2006 prepared in accordance with
the requirements of the Law on Consolidated Financial Reporting of the Republic
of Lithuania and TEO LT, AB Disclosure Concerning the Compliance with the
Governance Code for the Companies Listed on the Vilnius Stock Exchange in 2006
following paragraph 3 of Article 21 of the Law of the Republic of Lithuania on
Public Trading in Securities and item 20.5 of the Trading Rules of the Vilnius
Stock Exchange. 

The Board of the Company submits for approval of the Annual General Meeting of
TEO LT, AB Shareholders, that will be held on 26 April 2007, attached Financial
Statements, Consolidated Annual and Independent Auditor's Report for the year
2006. 

TEO LT, AB Financial Statements, Consolidated Annual and Independent Auditor's
Report for the year 2006, TEO LT, AB Consolidated Annual Report for the year
2006 and TEO LT, AB Disclosure Concerning the Compliance with the Governance
Code for the Companies Listed on the Vilnius Stock Exchange in 2006 are
available at the Company's web page www.teo.lt. 


Egle Gudelyte-Harvey,
Director of Legal and Corporate Affairs Unit,
tel. +370 5 236 72 92