ZEMAITIJOS PIENAS

MATERIAL EVENT



CONVOCATION OF THE GENERAL SHAREHOLDERS’ MEETING



(Unofficial Translation Done at the NSEL)



On the initiative and decision of the  Board of  Zemaitijos Pienas AB, an

extraordinary general meeting of Zemaitijos Pienas AB (enterprise register code

8024075) shareholders is being convened to be held  at the company’s premises

at 35 Sedos St., Telsiai on 1 May  2004 at 12a.m.



Registration date of the EGM is 26 April 2004.

Shareholders will be registered from 11 a.m.  To have a person’s identification

document. A person, who is not a shareholder, must also present a document

certifying his/her right to vote at the General Meeting.



On the agenda:

	

1. Reorganisation of Zemaitijos Pienas AB.





Dalia Geciene

Chief Financier

(+370-444) 22206