Pieno Zvaigzdes AB - Notifications on transactions concluded by managers of the companies

Notifications on transactions concluded by managers

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|                         | 2008.06.26              |                          |
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|                         | (date of announcement)  |                          |
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Notification on the transaction in issuer's securities                          


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| Julius Kvaraciejus, Board member (chairman)                                  |
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| (name, surname, personal code and capacity of the notifying person, or the   |
| manager of the issuer, with whom the notifying person is closely associated) |
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| Pieno Zvaigzdes AB, identification code 124665536, Laisves pr. 125, Vilnius, |
| Lithuania                                                                    |
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| (name and code of the issuer, its registered office address)                 |
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| Name    | Numb | Pri | Tota | Form   | Type   | Date  | Place | Form | Categ |
| and     | er   | ce  | l    | of     | of     | of    | of    | of   | ory   |
| class   | of   | of  | valu | transa | transa | concl | trans | sett | of    |
| of the  | secu | sec | e of | ction  | ction  | usion | actio | leme | the   |
| securit | riti | uri | tran | (acqui |        | of    | n*    | nt   | perso |
| y, ISIN | es   | tie | sact | sition |        | trans |       |      | n**   |
| code    |      | s,  | ion, | ,      |        | actio |       |      |       |
|         |      | LTL | LTL  | transf |        | n     |       |      |       |
|         |      |     |      | er)    |        |       |       |      |       |
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| AB      | 1257 | 5,0 | 6312 | purcha | Purcha | 2008  | AUTO  | cash | 1.2   |
| „Pieno  | 39   | 2   | 09,7 | se     | se     | 06 26 |       |      |       |
| žvaigžd |      |     | 8    |        | agreem |       |       |      |       |
| ės“     |      |     |      |        | ent    |       |       |      |       |
| PVA,    |      |     |      |        |        |       |       |      |       |
| LT00001 |      |     |      |        |        |       |       |      |       |
| 11676   |      |     |      |        |        |       |       |      |       |
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| AB      | 9661 | 5,0 | 4849 | purcha | Purcha | 2008  | AUTO  | cash | 1.2   |
| „Pieno  |      | 2   | 8,22 | se     | se     | 06 26 |       |      |       |
| žvaigžd |      |     |      |        | agreem |       |       |      |       |
| ės“     |      |     |      |        | ent    |       |       |      |       |
| PVA,    |      |     |      |        |        |       |       |      |       |
| LT00001 |      |     |      |        |        |       |       |      |       |
| 11676   |      |     |      |        |        |       |       |      |       |
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| AB      | 500  | 5,0 | 2500 | purcha | Purcha | 2008  | AUTO  | cash | 1.2   |
| „Pieno  |      | 0   |      | se     | se     | 06 26 |       |      |       |
| žvaigžd |      |     |      |        | agreem |       |       |      |       |
| ės“     |      |     |      |        | ent    |       |       |      |       |
| PVA,    |      |     |      |        |        |       |       |      |       |
| LT00001 |      |     |      |        |        |       |       |      |       |
| 11676   |      |     |      |        |        |       |       |      |       |
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CFO        Audrius Statulevicius                                                


*                                                                               
AUTO - automatically matched trade concluded in the regulated market            
TS - manual trade concluded in the regulated market                             
XOFF - OTC trade                                                                

**                                                                              
1. A manager of the issuer (as defined in the item 5.1. of the Rules):          
1.1. Manager of the Company;                                                    
1.2. Member of the Board;                                                       
1.3. Member of the Supervisory Board;                                           
1.4. Other employee.                                                            
2. A person closely related to the manager of the issuer (as defined in the item
5.2. of the Rules):                                                             
2.1. Spouse, partner;                                                           
2.2. Child, foster child;                                                       
2.3. Other person;                                                              
2.4. Legal person.