Zemaitijos Pienas - Notification on material event

RE: THE SUBMITTED PLAINT TO THE COURT

Telsiai, Lithuania, 2016-10-05 13:21 CEST (GLOBE NEWSWIRE) -- On 04 October
2016 (16:50) was received a plaint, submitted to the District Court of Telšiai
District by the Association of Investors and Vytautas Plunksnys, regarding the
decision of Board as of 03 August 2016 and decision of the Extraordinary
General Meeting of Shareholders as of 26 August 2016 concerning the delisting
of shares from trading on a regulated market NASDAQ Vilnius, AB. The Court has
ordered the provisional measures and prohibited the execution of the decisions. 



In the near future, the Company’s board intends to suggest to the Shareholders
to remove the issue on the delisting of Company’s shares from trading on a
regulated market NASDAQ Vilnius, AB from the Agenda of General Meeting of
Shareholders to be held on 28 October 2016 and not to continue the public
offering of shares until the plaint of Association of Investors and Vytautas
Plunksnys will be examined. 


         Lawyer
         Gintaras Keliauskas
         + 370 444 22208