ZEMAITIJOS PIENAS

MATERIAL EVENT



CONCERNING ADDITIONAL ISSUES ON THE AGENDA OF THE GENERAL SHAREHOLDERS’ MEETING

OF  ZEMAITIJOS PIENO INVESTICIJA AB



Unofficial Translation Done at the NSEL)



The Board of Zemaitijos Pienas AB, enterprise code 8024075, acting in

accordance with the conditions of reorganisation of Zemaitijos Pienas AB

approved by the resolution of the Extraordinary General Meeting of Zemaitijos

Pienas AB shareholders as of 1 May 2004, initiated and decided to supplement

the agenda of the Extraordinary General Meeting of Zemaitijos Pieno Investicija

AB to be held on 21 June 2004, at 3 p.m., with the following issues:

2. Election of the audit firm and determination of the conditions of payment

for audit services.

3. Approval of draft agreement with Zemaitijos Pienas AB concerning short-term

lease of the property obtained from Zemaitijos Pieno Investicija AB during the

reorganization.

4. Other issues.





Dalia Geciene

Chief Financier

(+370-444)-22206