Pieno Zvaigzdes AB - Notification on material event

Pieno zvaigzdes AB, not audited financial results for the year 2008

Revenues for the year 2008 reached 666.3 million LTL (193.0 million EUR) and have increased by 0.4% compare to the revenues of 663.4 million LTL (192.1 million EUR) a year ago. EBITDA for the year 2008 reached 49.1 million LTL (14.2 million EUR) and have decreased by 44.1% compare to 87.8 million LTL (25.4 million EUR) a year ago. Net loss for the year 2008 was -4.3 million LTL (-1.3 million EUR) compare to the net profit of 33.3 million LTL (9.6 million EUR) a year ago. Decreased gross margin on export sales had core impact on total profitability, which was less than initially planned. Audrius Statulevicius CFO (+370 5)246 1419