Draft agenda and draft decisions for the Extraordinary General Meeting of TEO
LT, AB (hereinafter ‘the Company' or ‘TEO') shareholders to be held on 15 July
2008 proposed by the Board of the Company:
1. As regards preparation of the draft reorganisation conditions with the view
of merging by acquisition UAB Nacionalinė Skaitmeninė Televizija into TEO LT,
AB.
Draft decision:
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. Election of the Company's Board member.
Draft decision:
To elect to the Board of the Company for the current term of the Board
_______________, proposed by _________________.
On 11 June 2008 the shareholder of the Company, Amber Teleholding A/S, proposes
to elect to the Board of the Company for the present term of the Board Mr.
Justas Pipinis (born in 1973). Mr Justas Pipinis is Managing Director of East
Capital Holding AB (Sweden) and East Capital International AB (Sweden). East
Capital has less than 5 per cent of TEO LT, AB shares and votes. Therefore
following The Governance Code for the Companies Listed on the Vilnius Stock
Exchange Justas Pipinis upon election should be regarded as independent and
non-executive member of the Board.
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.
Paulius Pakutinskas,
Senior Legal Advisor of Corporate Administration and Legal Affairs Unit,
tel. +370 5 236 73 30
