Pieno Zvaigzdes AB

Company event



Decisions passed by the general meeting of shareholders



The following decisions were passed at the extraordinary general meeting of

shareholders of Pieno Zvaigzdes AB held on October 4, 2004:

- to reorganize Pieno Zvaigzdes AB and Panevezio Pienas AB by way of merger by

acquisition, whereby Panevezio pienas being wound up after the reorganization

will be acquired by Pieno Zvaigzdes AB continuing after the reorganization and

assuming the rights and obligations of Panevezio Pienas AB;

- to approve the terms of reorganization of Pieno Zvaigzdes AB and Panevezio

Pienas AB.

- to approve the amended Articles of Association of Pieno Zvaigzdes AB

continuing after the reorganization.





Aleksandr Smagin

Acting Director General

(+370 5) 246 14 14