Pieno Zvaigzdes

Major Shareholding Notification • Dec 3, 2015

NOTIFICATION OF A PERSON ON THE ACQUISITION OF VOTING RIGHTS

1. Pieno žvaigždės, ISIN: LT0000111676 Address: Perkunkiemio str. 3, LT-12127 Vilnius. Lithuania

(name, code, registered address, home office address, State of the issuers)

1. The reasons for crossing the threshold (specify the relevant reason)

(acquisition or a disposal of voting rights (underline the necessary and indicate the specific reason))

(acquisition or disposal of securities that subject to a formal agreement upon a request of the owner thereof grants the right to acquire in the future the shares already issued by the issuer (underline the necessary and indicate the specific reason)).

[X] Praticipated in share buy back offer

(the event resulting in the change of the number of the voting rights held (indicate the specific event))

1. Peter Elam Håkansson

(name and last name of the person who has acquired or disposed of the voting rights, or the name of the company)

1. East Capital Lux Baltic Fund. East Capital Lux Eastern European Fund and East Capital Deep Value Fund

(name and last name of the shareholder, if different from the person indicated in item 3)

1. Date of the transaction (enter) and

$\boxed{2015-11-30}$

$10%$

the date of which the threshold was crossed (specify, if different): settlement date $\left[2015-11-30\right]$

1. Threshold that was crossed or reached (specify):

2. Data submitted:

Voting rights granted by the shares:
Class of shares. ISIN code Utenos trikotažas	shares	Number of shares and votes held previous to the acquisition of disposal of the block of	The number of shares and voting rights held at the date of crossing the threshold $(2015-11-26)$
LT0000109324	Number of shares (units)	Number of votes (%)	Number of shares (units)	Number of voting rights (units)		Number of voting rights (%)
			Directly	Directly	Indirectly	Directly:	Indirectly
	6 659 219	13.42%			4 122 022		8.30%

$\check{ }$ Total votes and shares held (i.e. held directly and indirectly).

$\frac{1}{2}$

እንደ ፡፡ ይቀንጣሉ እ ቁጥሉሱን የሚቸጥር የሚሰጡ እና ያምነቃ ያሉ አካያላማን				na pada abanan sa tahun 1974 metatapkan tahun 1970 dan memendukan pada terbada dan menjadi tahun 1970. Pada tahun 1970 dan menjadi berjada menjadi berjada menjadi berjada menjadi berjada menjadi berjada menjadi berjada men
		$\cdots$ A	ar ne
THE REPORT OF THE REPORT OF THE RESIDENCE OF THE REAL PROPERTY.		120-272-241		MECHANICAL CANSAS PROPERTY AND THE ROLL OF A STATE AND LOCAL COMPANY.

			Data on the securities that subject to a formal agreement upon a request of the owner thereof grants the right to acquire in the future the shares already issued by the issuer.
Name of securities	Date of expiry of the securities	The dates of conversion and (or) the exercise of the rights granted by the securities	Number of shares and votes to be acquired through the exercise of the rights attached to the securities (units)	Shares and votes to be acquired through the exercise of the rights attached to the securities (percent)
		Total (

('otal number of votes held (A + B)
	Number of votes (units)	Number of votes $(\% )$
$\tau$ otal .		-3%

$8. \,$

(the chain of controlled entities actually managing the voting rights and (or) securities that subject to a formal agreement upon a request of the owner thereof grants the right to acquire in the future the shares already issued by the issuer (to be completed if necessary).

1. The right granted to the proxy $\frac{1}{\text{(name and last name of the proxy)}}$ to vote at his own discretion in

respect of $\frac{\text{cyclic}}{\text{(voting rights, units, %)}}$ expires on

_______________________________________

$\frac{1}{(date)}$

$10.$

(additional information)

ANNEX TO NOTIFICATION OF A PERSON ON THE ACOUISITION OF VOTING RIGHTS

1.1. The identity of the natural or legal person obligated to submit the notification:

East Capital AB on behalf of Peter Elam Håkansson

(name, last name, personal code or the name of the company, code)

Box 1364, 111 93 Stockholm, Sweden,

(contact address)

Tel: +46 8 505 88 500 Fax: 46 8 505 88 601. Email: middle.office@eastcapital.com

(telephone, fax numbers; electronic mail address)

(other relevant information)

1.2. Identity of a contact person in case of any questions or inquiries in relation to the entity indicated in item 1.1:

Nina Jonsson, East Capital AB, Registration nr: 556546-8435

(name, last name, the name of the company, code)

Box 1364, 111 93 Stockholm, Sweden.

(contact address)

Tel: +46 8 505 88 657 Fax: 46 8 505 88 601. Email: nina.jonsson@eastcapital.com

(telephone, fax numbers; electronic mail address)

(other relevant information)

1. Identity of the person submitting the notification (where the notification is submitted by a person different from that indicated in item 1):

Nina Jonsson, East Capital AB, Registration nr: 556546-8435

(name. last name, personal code or the name of the company, code)

Box 1364, 111 93 Stockholm, Sweden.

(contact address)

Tel: +46 8 505 88 657 Fax: 46 8 505 88 601. Email: nina.jonsson@eastcapital.com

(telephone, fax numbers; electronic mail address)

(other relevant information)

1. By signing the present information notification I hereby confirm that the information presented therein is complete and accurate, and that I have familiarised myself with the sanctions imposed for the provision of misleading information provided for in the Law on Securities and the Code of Administrative Violations of Law of the Republic of Lithuania.

reman

(the signature of the person notifying of the acquisition or disposal of shares (name, last name and the signature of the manager of the company), the date of filling in the notification, place)