PIENO ZVAIGZDES

MATERIAL EVENT



DECISIONS OF THE GENERAL SHAREHOLDERS' MEETING



On 14 August 2001, the general shareholders’ meeting of AB Pieno Zvaigzdes

took the following decisions:

1. to confirm the new wording of the company’s statutes;

2. to buy up shares of AB Pieno Zvaigzdes at the central market of the

National Stock Exchange of Lithuania in pursue to avoid losses due to the

fall of the share price of the company. To form an appropriation reserve

of LTL 6000000 from the unappropriated profit in order to acquire the

shares of the company;

3. to elect new members to the Management Board of the company:  Kjell Lennart

Carlsson, Hans Mideus ir Lars Thorsson.





Romas Matiukas

Director of FBF Sinkus UAB

(22) 72 34 85