Vilkyskiu Pienine AB - Notification on material event

Consolidated non-audited results for the 1st quarter 2008

Consolidated non-audited sales of PLC Vilkyskiu pienine and 
PLC „Modest” for the 1st quarter 2008 amounted to 24.4 million LTL 
(7.07 million EUR), or 12 per cent decrease comparing to 
the 1st quarter 2007. Consolidated non-audited loss of PLC Vilkyskiu
pienine group for  the 1st quarter 2008 amounted to 1.4 million LTL 
(0.4 million EUR).
The negative result was caused by the 43 per cent increased price 
of raw milk comparing to the 1st quarter 2007, also the decreased 
prices of exportable production and diminished demand.

Vilija Milaseviciute
Economist - Analyst
Phone: +370 441 55 102  
E-mail.: vilija@cheese.lt