PIENO ZVAIGZDES

MATERIAL EVENT



SUPPLEMENT TO THE DECISIONS OF GEN. SHAREHOLDERS’ MEETING



The general shareholders’ meeting of AB Pieno Zvaigzdes on 14 August 2001 made

the following decisions on the second item of the agenda:

2.1. to buy up shares of AB Pieno Zvaigzdes on the central market of the

National Stock Exchange of Lithuania;

2.1.1. the purpose of acquiring of the shares is to avoid losses due to the

fall of the share price of the company;

2.1.2. the value of the acquired shares together with other shares of the

company already acquired cannot exceed 1/10 of the authorised capital;

2.1.3. the time period, during which the company can buy up its shares, equals

18 months;

2.1.4. the minimal price of the acquired shares should be 20% less than the

arithmetic weighted average price of the last week on the central market of the

National Stock Exchange of Lithuania. The maximal price of the acquired shares

should be 10% higher than the arithmetic weighted average price of the last

week on the central market of the National Stock Exchange of Lithuania.

2.2. to form an appropriation reserve of LTL 6 000 000 from the unappropriated

profit in order to acquire the shares of AB Pieno Zvaigzdes;

2.3. all other issues, foreseen in this decision, are entrusted to the

Management Board of the company.





Romas Matiukas

Director of FBF Sinkus UAB

(22) 72 34 85