PIENO ZVAIGZDES

MATERIAL EVENT



ADJUSTMENTS IN THE AGENDA OF A GENERAL MEETING OF SHAREHOLDERS



(Unofficial translation done at the NSEL)



The agenda of the general meeting of the shareholders

of Pieno Žvaigždės AB to be held from 11 am, on 25 April 2003 at  Karolina

hotel, Sausio 13-osios st. 2, Vilnius has been adjusted.

Registration starts at 10 am.

Agenda includes:

1. Auditor’s conclusion concerning the company’s 2002 financial statements and

its activity.

2. Approval of the company’s activity report.

3. Approval of the company’s annual financial statements.

4. Approval of the 2002 profit (loss) distribution.

5. The company’s buying up of its own shares and formation of reserve for their

purchasing.

6. Election of an auditor and settlement of remuneration.

7. Approval of the new version of the company’s by-laws.

8. Concerning taking a credit and backing liabilities to the bank.

9. Concerning sale, transfer, rent or pledging of the company’s long-term and

other assets.





Julius Kvaraciejus

Administration head

(370 5) 248 15 25