PANEVEZIO PIENAS

MATERIAL EVENT



ADOPTED DECISIONS OF A GENERAL SHAREHOLDERS’ MEETING



On 28 April 2000 a general meeting of AB Panevėžio Pienas shareholders

took place. At the meeting:

1) report of the Board for 1999 was not approved;

2) report of audit was approved;

3) financial statements for 1999 were approved;

4) profit (loss) account for 1999 was approved;

5) amendmends to theArticles of Association were approved;

6) Albertas Balčiūnas, Vidas Jelinskas, Alvydas Misiūnas, Egidijus Bobinas,

   Ignas Grudzinskas, Dalius Trumpa, and Audrius Zalatorius were elected to

   the company’s Board;

7) remuneration for international audit was approved.





Lina Semėnaitė

Information specialist

(22) 72 18 58