On 9 February 2009, Extraordinary General Meeting of TEO LT, AB (hereinafter
‘the Company' or ‘TEO') shareholders decided to elect to the Board of the
Company for the current term of the Board Mr Martynas Česnavičius, proposed by
Amber Teleholding A/S.
Martynas Česnavičius (born in 1972) has diploma in Banking and Finance of
Vilnius University Faculty of Economics and is Advisor to Luxemburg domiciled
Investment Fund Amber Trust I and Amber Trust II. Also, he is Chairman of the
Board of UAB Malsena Plius, member of the Board of AB Amilina, AB Kauno Pieno
Centras, AB Sanitas, AB Snaigė, UAB Atradimų Studija, UAB Laisvas
Nepriklausomas Kanalas, UAB Litagros Chemija, UAB Meditus and UAB Sidabra.
Martynas Česnavičius has no direct interest in the share capital of TEO LT, AB.
UAB Profinance, a company where Mr Česnavičius has a 50 per cent stake, owns
45,000 shares of TEO LT, AB which amounts to 0.0055 per cent of the Company's
share capital and 0.0058 per cent of votes.
Following provisions of The Governance Code for the Companies Listed on the
NASDAQ OMX Vilnius stock exchange Martynas Česnavičius is regarded as
independent and non-executive member of the Board.
ENCL.: Curriculum vitae of Martynas Česnavičius
Eglė Gudelytė-Harvey,
Director of Corporate Administration and Legal Affairs Unit,
tel. +370 5 236 72 92
