PIENO ZVAIGZDES

MATERIAL EVENT



INCREASED AUTHORISED CAPITAL WAS REGISTERED



On 28 May 2001, subscription for 9,005,000 share issue of Pieno Zvaigzdes AB

ended and the increased authorised capital of Pieno Zvaigzdes AB was

registered. The authorised capital of Pieno Zvaigzdes AB equals LTL 54,030,451

and is divided into 54,030,451 ordinary shares at LTL 1 par.





Romas Matiukas

Director of UAB FBF Sinkus

(22) 72 34 85