Announcement regarding TEO LT, AB and AB Nacionaline Skaitmenine Televizija reorganization conditions

We hereby inform that Reorganization Conditions for reorganization of TEO LT,
AB and AB Nacionalinė Skaitmeninė Televizija are prepared. 

On the basis of the Reorganization Conditions, TEO LT, AB and AB Nacionalinė
Skaitmeninė Televizija shall be reorganized in accordance with the Part 3 of
Article 2.97 of the Civil Code of the Republic of Lithuania by way of merger,
by merging AB Nacionalinė Skaitmeninė Televizija that, after the
reorganization, will cease its activities as a legal entity, into TEO LT, AB,
that will continue its activities after the reorganization. 

TEO LT, AB, the company involved in the reorganization:
• Legal entity's name - TEO LT, AB;
• Legal entity's legal form - public limited liability company (joint-stock
company); 
• Legal entity's registered office - Savanorių ave. 28, Vilnius, Republic of
Lithuania; 
• Legal entity's code - 121215434;
• Register in which data relating to the legal entity is accumulated and kept -
the Register of Legal Entities of the Republic of Lithuania, the manager of the
Register of Legal Entities - Vilnius Branch Office of the State Enterprise
Centre of Registers; • Value-added tax payer's code - LT212154314; 
• Authorized capital - 814 912 760 (eight hundred fourteen million nine hundred
twelve thousand seven hundred sixty) litas; 
• The amount of paid-up authorised capital - 814 912 760 (eight hundred
fourteen million nine hundred twelve thousand seven hundred sixty) litas. 

AB Nacionalinė Skaitmeninė Televizija, the company being reorganized:
• Legal entity's name - AB Nacionalinė Skaitmeninė Televizija;
• Legal entity's legal form - public limited liability company (joint-stock
company); 
• Legal entity's registered office - Savanorių ave. 125, Kaunas, Republic of
Lithuania; 
• Legal entity's code - 301110538;
• Register in which data relating to the legal entity is accumulated and kept -
the Register of Legal Entities of the Republic of Lithuania, the manager of the
Register of Legal Entities - Kaunas Branch Office of the State Enterprise
Centre of Registers; 
• Value-added tax payer's code - LT100003452018;
• Authorized capital - 380 300 (three hundred eighty thousand three hundred)
litas; 
• The amount of paid-up authorised capital - 380 300 (three hundred eighty
thousand three hundred) litas. 

Considering that AB Nacionalinė Skaitmeninė Televizija, the company that is
being reorganized by merger into TEO LT, AB, the company that is the sole
shareholder of AB Nacionalinė Skaitmeninė Televizija, the simplified
reorganization procedure, provided for in Article 2.103 of the Civil Code of
the Republic of Lithuania and in paragraph 1 of Article 70 of the Law on
Companies of the Republic of Lithuania, shall be applied to the reorganization
of TEO LT, AB and AB Nacionalinė Skaitmeninė Televizija. 

TEO LT, AB continuing after the reorganization shall take over the assets,
rights and obligations of AB Nacionalinė Skaitmeninė Televizija in accordance
with the procedure and terms provided for in the Reorganization Conditions
under the Deed of Transfer-Acceptance. The Deed of Transfer-Acceptance shall be
signed on the day of the registration in the Register of Legal Entities of the
new version of the By-laws of TEO LT, AB. 

The assets, rights and obligations of AB Nacionalinė Skaitmeninė Televizija
transferred to TEO LT, AB from the moment of signing the Deed of
Transfer-Acceptance shall, as from the signing of the Deed of
Transfer-Acceptance, be deemed to be the assets, rights and obligations of TEO
LT, AB. 

The transactions, entered into till the moment of signing the Deed of
Transfer-Acceptance by AB Nacionalinė Skaitmeninė Televizija, the company being
wound up after the reorganization, shall, as from the moment of signing the
Deed of Transfer-Acceptance, be deemed to be the transactions entered into by
TEO LT, AB, continuing after the reorganization, and shall be included into the
accounting of TEO LT, AB. 

Reorganization Conditions and other to reorganization related documents, that
shall be publicly available following the Part 2 of the Article 65 of the Law
on Companies of the Republic of Lithuania, are available for familiarization at
the headquarters of TEO LT, AB, Savanorių ave. 28, Vilnius, Lithuania, from
8.00 till 17.00; tel. +370 5 236 7330. 


ENCL.: Reorganization conditions of TEO LT, AB and AB Nacionalinė Skaitmeninė
Televizija 

Paulius Pakutinskas, 
Senior Legal Adviser of Corporate Administration and Legal Affairs Unit, 
tel. +370 5 236 7330.