Pieno Zvaigzdes AB - Notification on material event

Preliminary estimated results of Pieno zvaigzdes, AB for the Q1 2008

Due to the decreased prices of the dairy products in the export markets, Pieno
zvaigzdes AB, preliminary estimates to suffer the loss for the first quarter
2008. 

Audrius Statulevicius
CFO
(+370 5)246 1419