2011-01-17 16:00:00 CET

2011-01-17 16:00:02 CET


REGULATED INFORMATION

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Pieno Zvaigzdes AB - Notification on material event

Resolution by Pieno Zvaigzdes AB re share buy back



Vilnius, Lithuania, 2011-01-17 16:00 CET (GLOBE NEWSWIRE) -- As per resolution
by the General Meeting of Shareholders‘ of Pieno Zvaigzdes AB, 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: 20 January 2011.

Share buy back ends: 8 February 2011.

Max quantity of shares to be bought back: 1,492,585.

Share buy back price: LTL 5.20 (1,506 EUR) per share.



Audrius Statulevicius

CFO

(+370 5) 246 1419