PIENO ZVAIGZDES

MATERIAL EVENT



CHANGE OF THE MANAGEMENT OF PIENO ZVAIGZDES AB



(Unofficial translation done at the NSEL)



By resolution of the Board of Pieno Žvaigždės AB Julius Kvaraciejus has

been elected the Chairman of the Board to act as of 10 March 2003 and

Valdas Tekorius has been appointed the head of the administration to act as

of 10 March 2003.





Julius Kvaraciejus

President

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