On 23 December 2008 TEO LT, AB (hereinafter TEO or “the Company”) acquired 100 percent stake in a newly established and dormant company UAB Verslo Investicijos from UAB Management and Accounting Services. The authorised share capital of UAB Verslo Investicijos amounts to LTL 10 thousand. Mr. Paulius Pakutinskas, Senior Legal Adviser of Corporate Administration and Legal Affairs Unit of TEO LT, AB, will be appointed as Director of UAB Verslo Investicijos. Darius Džiaugys, Head of Information Sector of Corporate Communication Unit, tel. +370 5 236 7878.