Zemaitijos Pienas AB - Notification on material event

Financial rezults of Žemaitijos pienas AB for the first six months of 2008

Unaudited consolidated sales revenue of Žemaitijos Pienas AB for the first six
monts of 2008 amounts to LTL 234.9 million (EUR 68.03 million), in comparison
with the 1st half of 2007 the sales revenue increased by 15.77%. 
The unaudited consolidated net loss for the first six monts of 2008 is equal to
LTL 10.4 million (EUR 3.01 million), whereas in the 1st half of 2007 the
company earned a profit of LTL 6.2 million (EUR 1.8 million). 

Mantas Armalis
Jurist
8444 22208