Pieno Zvaigzdes AB - Notification on material event

Pieno zvaigzdes AB, Draft resolutions by the Shareholders Meeting

The General Meeting of Shareholders of AB „Pieno zvaigzdes“ (headquarters at
Laisves pr. 125, Vilnius, code 1246 65536, VAT code LT 246655314, data held
with the Legal Registrar) will be held on 29 October 2009 at 11:00 at
Perkunkiemio 3 in Vilnius as per initiative and decision by the Board.
Registration starts at 10:30. 

The account day of the General Meeting of Shareholders is 22 October 2009.
Persons who are shareholders by the end of the account day may take part ant
vote at the General Meeting of Shareholders. 


Meeting Agenda:
Amendments to the Articles of Association and approval of the amendments.
Main conditions of the agreements regarding activities at the Board.

1. Amendments to the Articles of Association and approval of the amendments.
Draft resolution
Approve new Articles of Association of the Company amending full text of the
Articles of Association (without approving separate articles to it) as per
Company Law No. VIII-1835 on 13 July 2000. 
Authorise CEO of the Company Aleksandr Smagin (with the right to reauthorise)
to sign the new Articles of Association and other documents related to
registration of the Articles of Association at the Company Registrar as well as
perform other actions related to registration of the Articles of Association at
the Company Registrar. 

2. Main conditions of the agreements regarding activities at the Board.
Draft resolution
In relationship to approved Articles of Association which include agreements
with the Board members regarding their activities at the Board the Shareholders
Meeting decides that such agreements among other should state the following: 
Duties and responsibilities of a Board member;
Size of remuneration paid to each Board member for activities at the Board;
Compensation for travel and accommodation to Board members residing outside
Lithuania, related to their travel to Lithuania in relationship to their
activities at the Board; 
State that total remuneration to all Board members for their activities at the
Board during 2009/2010 is LTL 100,000 (EUR 28,962) 
Authorise CFO Audrius Statulevicius to sign agreements with the Board members
for their activities at the Board on Company's behalf. 


Audrius Statulevicius
CFO
(+370 5)246 1419