Election of the Chairman of the Board

VILNIUS, Lithuania--(BUSINESS WIRE)--

On 11 June 2009, the Board of TEO LT, AB (hereinafter ‘the Company’ or ‘TEO’) decided:

- To elect Håkan Dahlström as Chairman of the Board.

Håkan Dahlström (born in 1962) – President of Business Area Broadband Services, TeliaSonera AB (Sweden). On 28 April 2009 was elected a member of TEO Board. Education: Master of Engineering in Computer Technology from Linköping University ( Sweden) and Master of Science in Digital Technology from Heriot Watt University (Scotland). Current Board assignments: Nextgentel AS (Norway), Chairman of the Board; TeliaSonera Skanova Access AB (Sweden), Chairman of the Board; TeliaSonera International Carrier AB (Sweden), Chairman of the Board; TeliaSonera Sverige AB (Sweden), member of the Board. Has no direct interest in the share capital of TEO LT, AB.

- To elect Board members Håkan Dahlström, Anders Gylder and Lars Ohnemus as members of the Remuneration Committee of the Board. Lars Ohnemus is independent member of the Board.

- To elect Board members Joakim Sundström, Tiia Tuovinen and Martynas Cesnavičius as members of the Audit Committee of the Board. Martynas Cesnavičius is independent member of the Board.