ZEMAITIJOS PIENAS

MATERIAL EVENT



PRELIMINARY RESULT FROM OPERATION FOR THE YEAR 2003



(Unofficial Translation Done at the NSEL)



Preliminary unaudited non-consolidated result of Zemaitijos Pienas AB for the

year 2003 is profit of LTL 5.2 million.





Dalia Geciene

Chief Financier

(+370-444) 22206