Zemaitijos Pienas AB - Notification on material event

On purchase (acquisition) of own shares

Telšiai, Lithuania, 2012-10-25 13:05 CEST (GLOBE NEWSWIRE) -- 
                             25/10/2012 



The Board of Directors of Žemaitijos Pienas, AB has decided to purchase own
shares of the Company under the conditions and procedures specified below. 



1. In accordance with the resolution of the Meeting of Shareholders of 27 April
2012 “On Imposition of Terms and Conditions for Acquisition of Own Shares” and
the Board powers to determine the specific terms of acquisition, the Board of
Directors hereby resolves: 

1.1. To purchase up to 2.81 per cent, i.e. up to 1,360,000  units of Company's
(Žemaitijos Pienas, AB) own ordinary registered shares of the par value LTL 1
(one litas) per share; 

1.2. To determine the following price for the acquisition of own shares - LTL
2.20 (two litas 20 cents) per one ordinary registered share of Žemaitijos
Pienas, AB; 

1.3. To determine the following period of the acquisition of own shares - 45
(forty five) days, i.e. to purchase the shares starting from 2 November 2012 to
14 December 2012; 

1.4. The shares shall be purchased on the Stock Exchange NASDAQ OMX Vilnius by
submitting official bid proposal; 

  1.5. To submit the official bid proposal trough a bank Šiaulių bankas AB,
that manages accounting of securities issued by the Company. 


         Lawyer
         Gintaras Keliauskas
         + 370 444 22208