The Board of TEO LT, AB (hereinafter TEO or “the Company”) decided: - To elect to the Remuneration Committee of the Company for the one-year term the following members of the Board: Hakan Dahlstrom, Malin Frenning and Lars Ohnemus (an independent member of the Board), - To transfer owners rights of VšĮ TEO Sportas, a non-profit organisation that supports women basketball team TEO and which is established and solely owned by the Company, to a non-profit organisation VšĮ Vici Sport, - To establish a non-profit organisation for management of the Company's Communications History Museum in Kaunas. Egle Gudelyte-Harvey, Director of Corporate Administration and Legal Affairs Unit, tel. +370 5 236 7292