REG-TEO LT, AB Reduced Network Interconnection Rates

VILNIUS, Lithuania--(Business Wire)--

In August, TEO LT, AB (hereinafter - TEO) reduced by 40 per cent the network
interconnection fees for Lithuanian operators whose customers make calls to TEO
network. From now on, the following rates per minute will be applied: 6 cents
(excluding VAT) during peak hours and 3.6 cents (excluding VAT) during off-peak
hours.

Network interconnection fees are reduced by implementing the pricing model
established by the Communications Regulatory Authority of the Republic of
Lithuania.

From the 1st of August, the Company also reduced prices for calls to the
networks of other Lithuanian fixed-line operators.

For TEO customers, calls to other fixed-line networks in Lithuania will, from
now on, be charged at the rate starting from 10 cents (including VAT) per
minute. At present, TEO customers have the possibility to make calls to 10
fixed-line operators' networks of Lithuania.

TEO LT, AB

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