Pieno Zvaigzdes AB

Company event



Decisions of the general meeting of shareholders



The extraordinary GMS of Pieno Zvaigzdes AB, which took place on November 29,

2004, passed the following decisions:

1. To approve amendments to the Articles of Association of Pieno Zvaigzdes AB,

continuing after reorganization, which establish the authorized capital of LTL

54 205 031, divided into 54 205 031 ordinary registered shares of LTL 1 by

nominal value.

2. To elect the following new members to the Management Board of the company:

Kjell Lennart Carlsson, Virginijus Jankauskas, Voldemaras Klovas, Regina

Kvaraciejiene, Julius Kvaraciejus, Hans Mideus, Kristina Mileiko, Valentinas

Paura, Aleksandr Smagin and Larry Svensson.



The Board meeting of Pieno zvaigzdes AB held on November 29, 2004 elected Julius

Kvaraciejus Chaiman of the Board. Aleksandr Smagin was elected Managing Director

of Pieno Zvaigzdes AB.





Aleksandr Smagin

General Director

(+370 5) 246 14 14