Vilkyskiu Pienine AB - Notification on material event

Draft resolutions of the Ordinary General Meeting of the Shareholders of 28 April 2011

 The following draft resolutions will be presented for the shareholders to vote:

 Item 1 of the Agenda. The Annual Report of the Company for the year 2010.To
approve the Annual Report of the Company for the year 2010. 

 Item 2 of the Agenda. Auditor‘s Report regarding the Company's Financial
Statements for 2010.To publish Auditor‘s Report regarding the Company's
Financial Statements for 2010. 

 Item 3 of the Agenda: Approval of the Company's Financial Statements for
2010.To approve the Company's Financial Statements for 2010. 

 Item 4 of the Agenda: Profit (loss) appropriation for the year 2010.

To approve the Profit appropriation for the year 2010 as follows (in thousand
Litas; in thousand EUR): 

1) Non-appropriated profit (loss) at the end of the year 2009 -  5.526 LTL
(1.600 EUR) 

2) Net profit (loss) of the reporting period -                                
3.064 LTL (887 EUR) 

3) Transfers from reserves -                                                   
      438 LTL (127 EUR) 

4) Total profit (loss) to be appropriated, from it:                         
9.028 LTL (2.615 EUR) 

 - portion of the profit allocated to the legal reserve -                    
259 LTL (75 EUR) 

 - portion of the profit allocated for payment of the dividends -   2.866 LTL
(830 EUR) 

(or 0,24 LTL (0,0695 EUR) per ordinary registered share with nominal value of 1
LTL) 

 - portion of the profit allocated to the other reserves -                     
 0 LTL (0 EUR) 

 - portion of the profit allocated to be paid as annual payouts (tantiemes) to
board members, bonuses to employees and for other purposes - 100 LTL (29 EUR) 

7) Non-appropriated profit (loss) at the end of the year 2010 carried forward
to next financial year - 5.803 LTL (1.681 EUR) 

 Starting from the 18 April 2011 at working days from 9 a.m. till 5 p.m.,
shareholders can get acquainted with draft resolutions of shareholders meeting
at the company's office located Vilkyskiai, LT-99254 Pagegiu sav. or on the
webpage of the company (http://www.cheese.lt). 



Additional information authorized to provide finance director Vilija
Milaseviciute, tel. +370 441 55102