Pieno Zvaigzdes AB - Notification on material event

Resolution by Pieno Zvaigzdes AB re share buy back

As per resolution by the AGM of Pieno Zvaigzdes AB on 20 April 2010, the
company initiates buy back of its own common shares of LTL 1 par value. The
share buy back is decided through a way of official offer at NASDAQ OMX
Vilnius. Share sale offers are accumulated through entire sale term. Should
sale offers exceed share buy back in quantity, all offers are reduced in
proportion. 

Share buy back starts: 7 June 2010.
Share buy back ends: 30 June 2010.
Max quantity of shares to be bought back: 1,500,000.
Share buy back price: LTL 4.00 per share.


Audrius Statulevicius
CFO
(+370 5) 246 1419