ZEMAITIJOS PIENAS

MATERIAL EVENT



PRELIMINARY RESULT FROM OPERATIONS IN THE FIRST QUARTER 2004



(Unofficial Translation Done at the NSEL)



The preliminary result from operations of Zemaitijos Pienas AB in the first

quarter of 2004 (unconsolidated and unaudited) is a profit of LTL  2 million.





Dalia Geciene

Chief Financier

(+370-444)-22206