Vilkyskiu Pienine AB - Notification on material event

Draft resolutions of the Extraordinary General Meeting of the Shareholders of 05 November 2011

The following draft resolutions will be presented for the shareholders to vote:

Item 1 of the Agenda: A decision on the purchase of own shares.

To approve a decision with regard to the purchase of own shares:

a) To purchase up to 10 percent of the Company's shares.

b) The purpose of acquisition of own shares - to maintain and increase the
price of the Company's shares. 

c) Period during which the Company may acquire own shares - until 30 April 2012.

d) To set the maximum price per share of own shares to be acquired - at 1.40
EUR (4.83 LTL), at the same time setting the minimum acquisition price per
share equal to the nominal value of a share, i.e. 0.29 EUR (1.00 LTL). 

e) To commit the Board to organise the purchase of own shares, to determine the
procedure for purchase and sale of shares, time, number of shares and price, as
well as to perform other actions relating thereto in compliance with the terms
set in this resolution as well as in accordance with the requirements
established in the Republic of Lithuania Law of Companies. 

Starting from the 10 October 2011 at working days from 9 a.m. till 5 p.m.,
shareholders can get acquainted with draft resolutions of shareholders meeting
at the company's office located Vilkyskiai, LT-99254 Pagegiu sav. or on the
webpage of the company (http://www.cheese.lt). 




         Additional information authorized to provide finance director Vilija
Milaseviciute, tel. +370 441 55102