PIENO ZVAIGZDES

MATERIAL EVENT



CONTRACT ON ACQUISITION OF THE BLOCK OF SHARES WAS SIGNED



On 11 April 2001, AB "Pieno žvaigždės" signed a contract regarding acquisition

of a block of shares of AB "Panevėžio pienas" constituting 22.26% of the

authorised capital of AB "Panevėžio pienas". Together with the already held

shares of AB "Panevėžio pienas", now AB "Pieno žvaigždės" will hold a block of

shares which accounts for 24.04% of the authorised capital of AB "Panevėžio

pienas".





Romas Matiukas

Director of FBF “Sinkus"

8 (22) 723485