PANEVEZIO PIENAS

MATERIAL EVENT



REPEATED GENERAL SHAREHOLDERS’ MEETING TO BE CONVENED ON 31 DECEMBER 2003 M.



(Unofficial translation done at the NSEL)



Since the extraordinary general shareholders’ meeting was not convened on

19 December 2003, at the initiative and upon the resolution of the Company’s

Board, an extraordinary general shareholders’ meeting of Panevezio Pienas AB

is being convened at 16 p. m. on 31 December 2003. The venue of the EGM is

the Company’s premises at 9 Tinklu St. in Panevezys.

On the agenda:

1.Concerning sale, transfer, lease or pledge of the long-term and other

types of assets.





Albertas Balčiūnas

Deputy General Manager

+370 45 502064