ZEMAITIJOS PIENAS

MATERIAL EVENT



DECISIONS OF THE GENERAL SHAREHOLDERS’ MEETING



(Unofficial translation done at the NSEL)



On 5 December 2002, the following decisions were made at the general

shareholders’ meeting:

1) To grant a long-term loan of LTL 707thou to the agricultural cooperatives

with the repayment period up to 31 December 2006.

2) To rent long-term material assets worth up to LTL 2 million to the

agricultural cooperatives and to sell long-term material assets worth up to LTL

3 million to the agricultural cooperatives.

3) To increase contributions in the agricultural cooperatives to LTL 883thou.





Dalia Gecienė

Chief financier

+370 294 22206