Total RevenueFor the second quarter of 2009 total revenue increased 14% to $280

Total RevenueFor the second quarter of 2009, total revenue increased 14% to $280.9 millionfrom $245.6 million for the same period of 2008, driven by a strong performancefrom both the Biopharmaceutical and EDT businesses. The Collective Bargaining Agreement of the Company grants a number of additional social guarantees to employees of TEO LT, AB. More detailed information about the Collective Bargaining Agreement is provided in TEO LT, AB Addition to Consolidated Annual Report for the year ended 31 December 2008. Managing Bodies According to the By-laws of TEO LT, AB the managing bodies of the Company are General Meeting, Board and General Manager. If provisions of the Agreement are more favourable than new legislation imposed during the period of the Agreement validity, provisions of the Agreement shall apply.

If provisions of the Collective Bargaining Agreement are more favourable than the same provisions of individual labour agreements, then provisions of the Agreement shall apply. Latest amendments to the Agreement came into force form 1 June 2009.This Collective Bargaining Agreement applies only to employees of TEO LT, AB. A qualified majority of 2/3 of votes present during the General Meeting shall be required at the General Meeting to adopt decisions concerning the amendment of the By-laws. Also, the Board elected Håkan Dahlström, Anders Gylder and Lars Ohnemus as members of the Remuneration Committee, and Joakim Sundström, Tiia Tuovinen and Martynas ?esnavi?ius as members of the Audit Committee.All material events related to the activity of the Company have been submitted to the Lithuanian Securities Commission, Vilnius Stock Exchange, London Stock Exchange, Lietuvos Rytas daily, BNS and ELTA news agencies and posted on the Company`s Internet page Procedure for amending the Company`s By-lawsTEO LT, AB By-laws provide that the General Meeting shall have an exclusive competence to amend and supplement the By-laws of the Company, except for the cases provided for in the Law on Companies of the Republic of Lithuania. Upon termination of the two-year term of the Board the shareholders elected a new Board (for the next two-year term) consisting of the following nominees proposed by Amber Teleholding A/S: Håkan Dahlström, Anders Gylder, Ove Alm, Joakim Sundström, Tiia Tuovinen, Lars Ohnemus (independent candidate) and Martynas ?esnavi?ius (independent candidate).On 11 June 2009, the Board elected Håkan Dahlström as Chairman of the Board. On 28 April 2009 the Annual General Meeting of Shareholders allocated LTL 178,668 thousand from the Company`s distributable profit of LTL 183,376 thousand for the dividend payment for the year 2008 or LTL 0.23 dividend per share and for annual payments (tantiemes) to the members of the Board for the year 2008 allocated LTL 378 thousand, i.e LTL 54 thousand per one member of the Board.

Important events during the reporting periodInstead of Justas Pipinis, a member of the Board, who resigned from the Board as of 4 December 2008, a new member - Martynas ?esnavi?ius - was elected for the current term of the Board during an Extraordinary General Meeting of Shareholders on 9 February 2009. He also became a member of the Audit Committee.On 20 March 2009 the Board, upon termination of employment contract of Jan-Erik Elsérius, Chief Financial Officer and Deputy General Manager of TEO LT, AB, decided to appoint Giedrius Vegys to the position of Chief Financial Officer of the Company as of 1 April 2009. Following the Law of the Republic of Lithuania on Companies, treasury stocks have no rights to exercise any property and non-property rights provided by the Law on Companies.The Company has never acquired any shares from the management of the Company. In September 2007, the Company took over the treasury stocks from UAB Lintel. As of 30 June 2009, TEO LT, AB held 12,698,412 ordinary registered shares of TEO LT, AB and 2,539,683 TEO LT, AB GDRs, i.e 4.67 per cent of TEO share capital. In May 2004, after reorganisation of Lintel and Lintkom by merger of UAB Lintkom into UAB Lintel the treasury stocks were transferred to UAB Lintel.In July 2007, the Board of TEO LT, AB decided to acquire from UAB Lintel treasury stocks.

In December 2003, the Company transferred all UAB Lintkom shares back to UAB Lintel. In September 2002, the Company acquired all shares of UAB Lintkom from UAB Lintel. Overall, UAB Lintkom held 4.67 per cent of the Company`s share capital. Dividends to all share and GDR holders were paid in cash.Information about treasury stocks On 12 June 2000, during the Initial Public Offering UAB Lintkom, a then subsidiary of UAB Lintel, which is a subsidiary of the Company, acquired 12,698,412 ordinary registered shares of the Company (1 share price was LTL 3.15) and 2,539,683 Global Depository Receipts of the Company (1 GDR price was USD 7.875) (1 GDR represents 10 ordinary registered shares of the Company). the tenth business day after the Annual General Meeting of Shareholders, were on the Shareholders` List of the Company. On 28 May 2009, the Company paid out to the shareholders LTL 178,668 thousand of dividends or 0.23 litas per share for the year 2008. Following the Law, dividends were paid to the shareholders who on the dividend record day, 13 May 2009, i.e.

Therefore number of TEO LT, AB shares that provide voting rights during the General Meeting of Shareholders is 776,817,518. One ordinary registered share of TEO LT, AB gives one vote in the General Meeting of Shareholders.The Company is not aware of any agreements between the shareholders that could limit transfer of securities and/or their ability to exercise their voting rights. None of the shareholders of the Company have any special controlling rights. Rights of all shareholders are equal except treasury stocks (in total 38,095,242 shares) that have no rights to exercise any property and non-property rights provided by the Lithuanian Law on Companies. 15, LT-01514 Vilnius, Lithuania, code 188659752 362,630 0.040.05-Other shareholders279,948,245 34.36 36.04 -TOTAL:814,912,760 100.00100.00-NOTES: (a) Amber Teleholding A/S is a fully owned subsidiary of Swedish TeliaSonera AB; (b) 12,698,412 ordinary registered shares and 2,539,683 Global Depository Receipts. 28, LT-03501 Vilnius, Lithuania, code 121215434 (Treasury stocks) 38,095,242 (b)4.67- -Republic of Lithuania, represented by State Enterprise State Property Fund, Vilniaus g.