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

(enterprise register code 8024075), with reference to the reorganization

conditions of Zemaitijos Pienas AB approved by the resolution of the

Extraordinary General Meeting (EGM) of Zemaitijos Pienas shareholders, held on

1 May 2004, general meeting of Zemaitijos Pieno Investicija AB shareholders is

being convened to be held at Zemaitijos Pienas AB premises at 35 Sedos St.,

Telsiai on 21 June 2004 at 15 p.m. Zemaitijos Pienas shareholders who held

shares in the company at the general shareholders’ meeting (1 May 2004) are

entitled to participate at the meeting. Shareholders will be registered from 14

a.m.  A person’s identification document is required. 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)election of the Supervisory Board of Zemaitijos Pieno Investicija AB.





Dalia Geciene

Chief Financier

(+370-444) 22206