PIENO ZVAIGZDES

MATERIAL EVENT



CONVOCATION OF A GENERAL SHAREHOLDERS' MEETING



At 12am, on 21 April, 2000 the general shareholders' meeting will be held at

the premises of Mažeikių Pieninė, subsidiary of AB Pieno Žvaigždės, at 4 Skuodo

St., in Mažeikiai.

On the agenda:

1) report of the Board on company's activity in 1999;

2) report of the company's auditor on the financial situation of the company;

3) approval of the company's annual financial statements;

4) Approval of the decision regarding distribution of company's profit (loss);

5) amendments to and supplements of the company's Articles of Association;

6) election of a member of the company's Board;

7) regarding participation of the company's head in activities and capital of

other enterprises;

8) regarding sales, transfer, lease or mortgage, also indemnity or guarantee of

the assets for the performance of other entities' obligations;

9) other issues.





Lina Semėnaitė

Information specialist

(22) 72 18 58