Zemaitijos Pienas AB - Notification on material event

Decision Draft of AB „Žemaitijos pienas“ General Meeting

Decision Draft of AB „Žemaitijos pienas“ General Meeting              
                                                            09-12-2009 

Decided:

1. Do not elect the company's new supervisory board members, leaving the old
supervisory board members; 

2. To form the company‘s audit committee of three members. To approve the
regulations of audit committee activity. 

3. To elect Sigitas Ertmanas as independent audit committee member and
Viktorija Kungyte, Asta Sliogeriene as ordinary audit committee members. 

4. Due to intended regulations of Law on Companies of the Republic of
Lithuania, there are reasonable doubts regarding the competence of
extraordinary shareholder's meeting to deal with the issue of buying own shares
and the other related issues. For this reason it was decided to move these
issues to the next agenda of ordinary shareholder's meeting. 

5. To establish a private limited company.

Lawyer
G. Keliauskas
+370 444 74897