East Capital Asset Management AB reduced its holding in TEO LT, AB

Please find attached East Capital Asset Management AB (on behalf of East
Capital Eastern European Fund and East Capital Baltic Fund), registration No.:
556564-5370, address: Box 1364, 111 93 Stockholm, Sweden, Notification of a
Group on the Disposal of a Block of Shares as of 27 August 2007 on disposal
of a block of shares of TEO LT, AB and crossing of the 5 per cent limit - from
5.05 per cent to 4.93 per cent of the votes. 


Darius Dziaugys,
Head of Information Sector,
tel. +370 5 236 7878