TEO LT, AB Group announces its unaudited financial results for the first quarter of 2007 prepared according to International Financial Reporting Standards. The total consolidated TEO Group's revenue in the first quarter of 2007 was EUR 53.8 million, an increase by 3 per cent over the total revenue of EUR 52.3 million in the first quarter of 2006. EBITDA for the first quarter of 2007 went down by 8 per cent to EUR 25 million over EUR 27 million in the first quarter of 2006. EBITDA margin also went down to 46.4 per cent from 51.9 per cent in 2006. Profit before income tax in the first quarter of 2007 was up by 12.8 per cent and amounted to EUR 13.4 million (EUR 11.9 million a year ago). Profit for the period (including minority interest and profit from discontinued operations) amounted to EUR 11 million, an increase by 19.1 per cent over EUR 9.2 million a year ago. Press release and accompanying financial statements are available at the Company's web page www.teo.lt. Jan-Erik Elsérius, Chief Financial Officer and Deputy General Manager, tel. +370 5 236 76 03.