Draft agenda and draft decisions for the annual general meeting of TEO LT, AB (hereinafter ‘the Company' or ‘TEO') shareholders to be held on 26 April 2007 proposed by the Board of the Company: 1. Information of the Company's auditors. Taken for the information. 2. Approval of the Company's annual financial statements and presentation of the Consolidated Annual Report of the Company for the year 2006. Draft decision: 1. To approve audited Company's annual financial statements for the year 2006, prepared according to the International Financial Reporting Standards. 2. Presented Consolidated Annual Report of the Company for the year 2006, prepared by the Company, read by the audit and approved by the Board of Directors. 3. Allocation of 2006 Company's profit. Draft decision: To allocate the Company's profit of the year 2006 according the draft of profit allocation presented for Annual General Meeting of Shareholders. The Board proposes for the Annual General Meeting to allocate from the Company's distributable profit LTL 201,973 thousand (EUR 58,495 thousand) for the dividend payment for the year 2006 or LTL 0.26 (EUR 0.075) dividend per share. For annual payments to the members of the Board for the year 2006 to allocate LTL 378 thousand (EUR 109 thousand), i.e. LTL 54 thousand per one member of the seven-member Board. 4. Recall of the Company's Board members. Following the proposal of the largest shareholders of the Company, Amber Teleholding A/S, the Board of the Company proposes to the Annual General Meeting of Shareholders to recall the current Board and elect a new Board for a new term from nominees proposed by Amber Teleholding A/S. Draft decision: To recall from the Board of the Company all members of the Board: Erik Hallberg, Morgan Ekberg, Matti Hyyrynen, Brita Hanberger, Gert Tiivas, Gintautas Žintelis and Valdo Kalm. 5. Election of the Company's Board members. As a shareholder of TEO LT, AB Amber Teleholding A/S proposes to the Annual General Meeting of shareholders to be held on April 26, 2007 in Vilnius, Lithuania, the following nominees to be elected to the Board of Directors of TEO LT, AB. 1. Mr Jörgen Latte 2. Mr Anders Gylder 3. Mr Ove Alm 4. Mr Valdo Kalm 5. Mr Björn Lindegren 6. Mr Matti Hyyrynen as proposed to Amber Teleholding A/S by East Capital 7. Mr Gert Tiivas as proposed to Amber Teleholding A/S by East Capital Jörgen Latte (born in 1954) - CFO of TeliaSonera Sweden; a member of the Supervisory Boards of Telia Pensionfund (Sweden), LMT (Latvia) and Eesti Telekom (Estonia); has no interest in the share capital of TEO LT, AB. Anders Gylder (born in 1950) - Executive Vice President at TeliaSonera AB Business Area Broadband Services; a member of the Supervisory Board of Eesti Telekom (Estonia); has no interest in the share capital of TEO LT, AB. Ove Alm (born in 1959) - Head of Product and Production at TeliaSonera AB Business Area Broadband Services; a member of the Board of Telia Stofa A/S (Denmark) and NextGenTel Holding ASA (Norway); has no interest in the share capital of TEO LT, AB. Valdo Kalm (born in 1966) - Deputy CEO and Member of the Management Board of Eesti Telekom AS (Estonia), CEO and Chairman of the Management Board of AS EMT (Estonia), member of Supervisory Board of Elion Enterprises AS (Estonia) and member of the Board of TEO LT, AB since 2005; has no interest in the share capital of TEO LT, AB. Björn Lindegren (born in 1949) - General Counsel at TeliaSonera Business Area Broadband Services; a member of the Board of TeliaSonera Network Sales AB, TeliaSonera International Carrier AB, TeliaSonera Sverige Asset Finance AB, TeliaSonera Payphone AB, TeliaSonera Net Fastigheter AB, Infonet Svenska AB, Telia Electronic Commerce AB, Telia Lithuania AB and Föräldrakooperativet Lurifaxen I Farsta; has no interest in the share capital of TEO LT, AB. Matti Hyyrynen (born in 1954) - Head of Vilnius and Riga Resident Office of European Bank for Reconstruction and Development; a member of the Board and Chairman of the Audit Committee of TEO LT, AB since 2002; has no interest in the share capital of TEO LT, AB. Gert Tiivas (born in 1973) - Head of East Capital Baltic office in Tallinn; a member of the Supervisory Councils of the Tallinn Stock Exchange (Estonia), Baltika AS (Estonia), Arco Varavalitsemise AS (Estonia), Cantik Enterprises Ltd. (Ukraine), Pervomayskaya Zarya Ltd. (Russian Federation), JSC Open Investments (Russian Federation), Russian Real Estate Investment Company AB (Sweden) and Explorer Property Fund - Baltic States AB (Sweden); a member of the Board and Audit Committee of TEO LT, AB since 2006; has no interest in the share capital of TEO LT, AB. Draft decision: To elect to the Board of the Company for new term of the Board (for 2 years): 1. _________________, proposed by __________________, 2. _________________, proposed by __________________, 3. _________________, proposed by __________________, 4. _________________, proposed by __________________, 5. _________________, proposed by __________________, 6. _________________, proposed by __________________, 7. _________________, proposed by __________________. The documents possessed by the Company related to the agenda of the Meeting, including draft resolutions, are available at the headquarters of TEO LT, AB, Savanorių ave. 28, Vilnius, Lithuania, or at the Company's internet website www.teo.lt. Eglė Gudelytė-Harvey, Director of Corporate and Legal Affairs Unit, tel. +370 5 236 72 92.