Pieno Zvaigzdes AB - Notification on material event

Pieno zvaigzdes AB, budgeted financial results for the year 2010

In 2010 Pieno Zvaigzdes expect sales of approx. 640 million LTL (185.4 million
EUR). The largest growth is expected in export markets generating over half of
total proceeds. 

The company's management is further implementing cost reduction programs to
compensate increasing direct processing cost. Approx. 20 million LTL (5.8
million EUR) investment program for the coming year is directed to expansion of
successful products and plant maintenance. 

We expect that Operating Cash Flows will enable the Company to further reduce
financial debt by approx. 40 million LTL (11.6 million EUR). By year end 2010
the management forecasts 11% EBITDA profitability and approx. 3% net
profitability. 


Audrius Statulevicius
CFO
(+370 5)246 1419