PIENO ZVAIGZDES

MATERIAL EVENT



CONVOCATION OF A GENERAL SHAREHOLDERS’ MEETING



At 12p.m. on 14 August 2001, following the decision of the Management Board,

a general meeting of Pieno Zvaigzdes (whose registered office is at

125 Laisves Av, in Vilnius) shareholders will take place at the conference

hall of hotel Sarunas, 4 Raitininku St., in Vilnius. Registration of

shareholders from 11.00 a.m. until 11.45 a.m.

On the agenda:

1) approval of the new wording of the company’s Articles of Association;

2) Acquisition of the company’s own shares and formation of the reserve for

their acquisition;

3) Election of members to the Management Board;

4) Sales, transfer, lease or mortgage of the company’s long-term assets, as

well as securing it as a guarantee or indemnity against liabilities of other

entities.





Romas Matiukas

Director of  FBF Sinkus UAB

(22) 72 34 85