Pieno Zvaigzdes AB

Company event



Notice of the General Meeting of Shareholders to be held on April 28, 2005



By the initiative and decision of the Board of the company the annual GMS of

Pieno Zvaigzdes AB (company code 1246 65536, the head office in Laisves pr. 125,

Vilnius) to be held on April 28, 2005 at 11.00 a.m. in the head office of the

company in Laisves pr. 125, Vilnius, is called.

Registration of shareholders starts at 10.00 a.m.

Agenda:

1. The Auditor's Report on Financial Statements of the company and the Annual

Report.

2. Approval of the Annual Report.

3. Approval of Financial Statements.

4. Profit distribution.

5. Election of and setting of remuneration to the Auditor.

6. Acquisition of own shares by the company and formation of a reserve for their

acquisition.

7. Regarding the approval of the structural funds projects.

Registration day of the annual AGM is April 21, 2005.





Aleksandr Smagin

Managing Director

(+370 5) 246 14 14