ZEMAITIJOS PIENAS

MATERIAL EVENT



ADOPTED DECISIONS OF A GENERAL SHAREHOLDERS’ MEETING



On 13 October 2000, a general shareholders’ meeting took place. At the meeting,

it was decided to:

grant authorisation to the Chairman of the Board regarding mortgage of assets;

approve acquisition of shares of ABF Šilutės Rambynas;

approve share subscription agreements.



Preliminary profit for the period of 9 months amounts to LTL 1.8 million,

turnover equalls LTL 120 million.





Irena Sketrienė

Head of IS Unit

294-22214