PIENO ZVAIGZDES

MATERIAL EVENT



CONVOCATION OF A GENERAL SHAREHOLDERS’ MEETING



At 12pm on 28 November 2000, the first joint general meeting of AB Pieno

Žvaigždės, which continues its activity after the reorganisation, and of

AB Kauno Pienas, which ends its activity after the reorganisation, shareholders

will be held in the premises of Mažeikių Pieninė, subsidiary of AB Pieno

Žvaigždės, at 4 Skuodo St., in Mažeikiai.

On the agenda:

1) approval of the joint balance sheet and assets transfer-acceptance results;

2) end of the company’s reorganisation process;

3) election of members of the company’s Board;

4) election of the company’s auditor;

5) determination of the remuneration terms of the auditor’s work;

6) granting authorisation to the company’s management bodies;

7) transfer of the company’s long-term assets.





Voldemaras Klovas

Chairman of the Board

8 (293) 65341