ZEMAITIJOS PIENAS

MATERIAL EVENT



CONVOCATION OF A GENERAL SHAREHOLDERS’ MEETING



At 3 p.m. on 23 March 2001, general shareholders’ meeting will take place at

35 Sedos St., in Telšiai.

On the agenda:

1) report of the Board on the company’s activity in 2000;

2) audit report;

3) approval of financial statements of 2000;

4) approval of profit (loss) appropriation of 2000;

5) amendments to the Articles of Association;

6) increase of an authorised capital by issuing additional share issue.





Asta Kiguolienė

Chairman of Supervisory Board

294-22265