Pieno Zvaigzdes AB - Notification on material event

Pieno zvaigzdes AB, Decisions of the general shareholders meeting

General Meeting of Shareholders of Pieno Zvaigzdes was held on 2 December 2008.

RESOLUTIONS:

1. Renew the list of economic activities in the Statutes of Pieno Zvaigzdes AB
as per prescription No. DĮ-226 by CEO of Statistic's Department on 31 October
2007 based on official classification of Economic Activities, Amend Article 9
of the Statutes of Pieno Zvaigzdes AB to the following: 
“9. Company‘s activities as per Economic Activities classification:

1) dairy activities and cheese processing (10.51);
2) production of ice cream (10.52);
3) production of drinks; production and bottling of mineral and other water
(11.07); 
4) sales agent activity for food, drinks and tobacco (46.17);
5) crop, unprocessed tobacco and fodder wholesale (46.21);
6) fruit and berries wholesale (46.31);
7) dairy, eggs, edible oil and grease wholesale (46.33);
8) drinks wholesale (46.34);
9) sugar and chocolate wholesale (46.36);
10) coffee, tea, cacao wholesale (46.37);
11) non specialised wholesale (46.90);
12) retail in non specialised stores, with focus on food, drinks and tobacco
(47.11); 
13) other retail in non specialised stores (47.19);
14) bread and confectionery retail in specialised stores (47.24);
15) drinks retail in specialised stores (47.25);
16) other food retail in specialised stores (47.29);
17) other retail in kiosks (47.89);
18) restaurant and canteen activity (56.10);
19) public catering (56.29);
20) other road transportation (49.39);
21) heavy load transportation (49.41);
22) handling (52.24);
23) storage and warehousing (52.10);
24) road transport activities (52.21);
25) engineering (42);
26) property development (68.10);
27) property exploitation and rent (68.20);
28) public relations (70.21);
29) main activities (70.10).

Decision:
Approve the amendment to the Statutes of Pieno Zvaigzdes AB and the new
wording. Authorise CEO to sign amendment of the Statutes of Pieno Zvaigzdes AB
and the new wording as well as other documents related to registration and
perform other actions related to registration of the new wording of the
Statutes in the Registrar of Legal Persons. 

2. Amend Article 20 of the Statutes of Pieno Zvaigzdes AB to the following: 
“20. The Board is a collegial management body. The Board is composed of 6 (six)
members for a period not longer that 4 (four) years. The Board elects a
Chairman of its members.” 

Decision:
Approve the amendment to the Statutes of Pieno Zvaigzdes AB and the new
wording. Authorise CEO to sign amendment of the Statutes of Pieno Zvaigzdes AB
and the new wording as well as other documents related to registration and
perform other actions related to registration of the new wording of the
Statutes in the Registrar of Legal Persons. 

3. Election of the Board.

Decision:
Elect to the Board for the next four years period:

Paul Bergqvist;
Lars Ojefors;
Voldemaras Klovas;
Julius Kvaraciejus;
Aleksandr Smagin;
Linas Sasnauskas;


Audrius Statulevicius
CFO
(+370 5)246 1419