PIENO ZVAIGZDES

MATERIAL EVENT



SUPPLEMENTARY INFORMATION ON THE RESOLUTIONS OF THE GENERAL MEETING OF 25 APRIL

2003



(Unofficial translation done at the NSEL)



Supplementary information on the resolutions of adopted by the General Meeting

convened on 25 March 2003:

1. To buy up the shares of Pieno Žvaigždės AB, concluding the transactions on

the Stock Exchange.

1. Buying up is aimed at stabilizing the company’s share rate and avoid

possible losses caused by a fall in the share rate.

2. The maximum number of shares being acquired - the nominal value of own

shares being acquired together with other own shares already held might not

exceed 1/10 of the authorized capital.

3. The period during which the company may acquire own shares is  18 months.

4. Minimum price of shares being purchased is 20% lower than the weighed

average of the prices of the company’s shares on the CM of the Stock Exchange

during the most recent week  and 10% higher than the weighed average of the

prices of the company’s shares on the CM of the Stock Exchange during the most

recent week.

5. Use further for buying up of own shares the LTL 1 million  of reserve

available for distribution approved at the General Meeting of  26 April 2002.

6. Upon change of the legal acts regulating the procedure of buying up of own

shares, the company’s Board is authorized to buy up the company’s own shares

following the effective statutory procedures (by means of a voluntary tender

offer, where needed).

7. Decisions regarding issues other than stipulated in this resolution are

entrusted to the company’s Board.





Julius Kvaraciejus

Chairman of the Board

(370 5) 248 15 25