ZEMAITIJOS PIENAS

MATERIAL EVENT



PRELIMINARY ACTIVITY RESULT FOR THE 1ST QUARTER OF 2003



(Unofficial translation done at the NSEL)



The preliminary result of operation of Zemaitijos pienas AB for the 1st quarter

of 2003 is a profit of LTL 1.6 m.





Dalia Gecienė

Chief financer

(370 444) 22206