Pieno Zvaigzdes

Declaration of Voting Results & Voting Rights Announcements • Nov 24, 2011

AB "Pieno Zvaigzdes" Address: Perkunkiemio 3, LT-12127 Vilnius, Lithuania Company No.: 1246 65536, VAT No.: LT 246655314 Data kept at the Registrar of Legal Entities

VOTING BULLETIN AT THE GENERAL MEETING OF SHAREHOLDERS 15 December 2011

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Shareholder data:

Shareholder name (legal or natural person):

Shareholder ID (legal or natural person): ________________________________________________

Number of shares: __________________________________________________________________

Draft resolutions and voting results (pls. circle your choice):

No	Agenda	Draft resolution	Vote
1.	Share buy	1.1 Buy back the shares of Pieno Zvaigzdes AB through the submarket of official
	back.	proposal at NASDAQ OMX AB Vilnius, in accordance to the rules governing this market,
		without approving the circular at Securities Commission.
		a) The purpose of share buy back- to stabilize the Company's share price, increase
		liquidity of shares and avoid a losses due to decreased share price;
		b) The maximum number of shares to be purchased - the nominal value of shares to be
		purchased altogether with already purchased shares shall not exceed 1/10 of nominal
		capital;
		c) the period during which the joint stock company may acquire its own shares - 18
		months;	FOR
		d) the minimum price of the shares to be purchased - 30% lower than last week`s
		weighted arithmetic average of Company's share price at NASDAQ OMX Stock Exchange
		Vilnius Central Market. The maximum price for the shares to be purchased - 30% higher	AGNST
		than last week`s weighted arithmetic average of Company's share price at NASDAQ
		OMX Stock Exchange Vilnius Central Market.
		e) The order of selling own shares and the minimum selling price: the minimum selling
		price is not less than 2/3 of the share purchasing price.
		In order to ensure equal opportunities for all shareholders to acquire shares that were
		bought back, shares will be sold at Stock Exchange Central Market or at auction,
		informing all shareholders about such auction timing and the order by registered letter
		or through public announcement.
		1.2 According to the decision of this Annual General Shareholders' Meeting and Article
		No. 54 of Joint Stock Companies Law of Republic of Lithuania, the Company's CEO is
		authorised to take all decisions, related to share buy back timing, determining price as
		well as decisions on acquired shares selling time, price and order as well as to solve any
		other issues, which are not covered by this authorisation.

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