PANEVEZIO PIENAS

MATERIAL EVENT



ADOPTED DECISIONS OF A GENERAL SHAREHOLDERS’ MEETING



On 2 March 2001, a general meeting of AB "Panevėžio pienas" shareholders took

place. At the meeting it was decided to:

1) approve report of the head of administration on the company’s economic and

financial activity in 2000;

2) approve report of the Board on its activity in 2000;

3) audit report was heard;

4) approve financial statements of 2000;

5) approve appropriation of financial results of 2000;

6) elect Jūratė Činkienė member of the Board;

7) appoint UAB "PricewaterhouseCoopers" the company’s auditor;

8) mortgage long-term movable property and (or) real estate located in Raguva,

10 Vilniaus St.





R. Jusevičienė

Deputy Chief Financier

8 (25) 502061