PANEVEZIO PIENAS

MATERIAL EVENT



HEAD OF THE COMPANY APPOINTED



(Unofficial translation done at the NSEL)



On 21 November 2003, at a sitting of the Board of Panevezio Pienas AB

Mr. Jonas Simutis has been appointed Director General of the Company.





Voldemaras Klovas

Deputy Chairman of the Board

(+370- 45) 502064