Pieno Zvaigzdes AB - Notification on material event

Pieno Zvaigzdes AB, updated forecast for the entire year 2008

With respect to financial results reported in 1 quarter 2008 Pieno Zvaigzdes
AB is giving a new forecast for the entire year 2008 as follows: 

Sales by the year end 2008 are expected to decrease from LTL 750.0 million (EUR
217.2 million) to LTL 700 million (EUR 202.7 million). 

Net profitability margin expected at 3.0%, by 1.0% lower compared to initially
budgeted 4.0%. 

Audrius Statulevicius
CFO
(+370 5)246 1419