Pieno Zvaigzdes

AGM Information • Oct 29, 2009

Disclosure 273664

Pieno Zvaigzdes AB - Notification on material event

Decisions of the general shareholders meeting

Annual General Meeting of Shareholders of Pieno Zvaigzdes was hold on 29 October 2009 at 11:00 am. Meeting Agenda: 1. Amendments to the Articles of Association and approval of the amendments. 2. Main conditions of the agreements regarding activities at the Board. Resolutions: 1. Amendments to the Articles of Association and approval of the amendments. Resolution: Approve new Articles of Association of the Company. Authorise CEO of the Company Aleksandr Smagin (with the right to reauthorise) to sign the new Articles of Association and other documents related to registration of the Articles of Association at the Company Registrar as well as perform other actions related to registration of the Articles of Association at the Company Registrar. 2. Main conditions of the agreements regarding activities at the Board. Resolution: In relationship to approved Articles of Association which include agreements with the Board members regarding their activities at the Board the Shareholders Meeting decides that such agreements among other should state the following: Duties and responsibilities of a Board member; Size of remuneration paid to each Board member for activities at the Board; Compensation for travel and accommodation to Board members residing outside Lithuania, related to their travel to Lithuania in relationship to their activities at the Board; State that total remuneration to all Board members for their activities at the Board during 2009/2010 is LTL 100,000. (28,962 EUR) Authorise CFO Audrius Statulevicius to sign agreements with the Board members for their activities at the Board on Company's behalf. Audrius Statulevicius CFO (+370 5)246 1419