PANEVEZIO PIENAS

MATERIAL EVENT



EGM TO BE CONVENED ON 13 OCTOBER 2003



(Unofficial translation done at the NSEL)



By decision of the company’s Board, an EGM of Panevezio Pienas AB will be

convened on 13 October 2003, at 11 am, which will take place at the National

Stock Exchange’s office (Konstitucijos pr. 23, Vilnius).

The registration starts at 10.30 am.

The agenda includes:

1. Regarding mortgaging of the company’s assets.





Gediminas Sargūnas

Managing Director

(370 45) 502064