Pieno Zvaigzdes

Major Shareholding Notification • Dec 16, 2008

NOTIFICATION OF A GROUP ON THE DISPOSAL OF VOTING RIGHTS

1.AB "Pieno žvaigždės", code 124665536, Vilnius, Laisvės ave. 125, Lithuania

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

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

[x] disposal of voting rights due to the end of the board member term

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

[ ]

(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))

[ ] disposal of voting rights due to the end of the board member term

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

1. Paura Valentinas

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

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

2008-12-10

5 %.

1. Date of the transaction (enter) and

The date of which the threshold was crossed (specify)

• 1. Threshold that was crossed or reached (specify)
• 1. Data submitted

Voting rights granted by the shares:

Class of shares, ISIN code	the acquisition of shares	Number of shares and votes held previous to disposal of the block of	The number of shares and voting rights held at the date of crossing the threshold
	Number	Number of	Number of	Number of voting			Number of voting rights (%)
	of shares	voting	shares (units)	rights (units)
	(units)	rights
		(units)
			Directly	Directly	Indirectly	Directly	Indirectly
ORS,	17 267	2 812 794	82 431	82 431	66 463	0,15	0,12
LT0000111676	600
		Total (A)	82 431	82 431	66 463	0,15	0,12

				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 securites (percent)
		Total (B)

Total number of votes held (A+B)
	Number of votes (units)	Number of votes (%)
Total:	148 894	0,27

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 ……………

2. additional information

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