The Board of TEO LT, AB (hereinafter ‘the Company' or ‘TEO') decided to elect Joakim Sundström as Chairman of the Company's Audit Committee. Joakim Sundström (born in 1959) - Vice President of Business Control of Business Area Broadband Services, TeliaSonera AB (Sweden), member of the Board of TEO LT, AB from 26 April 2007, member of the Audit Committee of the Board. Education: Bachelor of Business Administration from Stockholm University (Sweden). Current Board assignments: Lattelecom SIA (Latvia), member of the Supervisory Council, member of the Audit Committee, and member of the Business Planning and Finance Committee, Sergel Kredittjanster AB (Sweden), member of the Board, TeliaSonera Skanova Access AB (Sweden), deputy member of the Board, Tilts Communications A/S (Denmark), member of the Board, Amber Teleholding A/S (Denmark), member of the Board and Managing Director. Has no direct interest in the share capital of TEO LT, AB. Eglė Gudelytė-Harvey, Director of Corporate and Legal Affairs Unit, tel. +370 5 236 72 92