Notification on transactions concluded by managers of the company


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|                         | 2007.06.18              |                          |
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|                         | (date of announcement)  |                          |
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Notification on the transaction in issuer's securities                          

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| Kristina Mileiko, 46703130536, member of the board                           |
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| (name, surname, personal code and capacity of the notifying person, or the   |
| manager of the issuer, with whom the notifying person is closely associated) |
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| Pieno Zvaigzdes AB, identification code 124665536, Laisves pr. 125, Vilnius, |
| Lithuania                                                                    |
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| (name and code of the issuer, its registered office address)                 |
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| Name    | Num | Pri | Total | Form   | Type | Date   | Place | Form  | Categ |
| and     | ber | ce  | value | of     | of   | of     | of    | of    | ory   |
| class   | of  | of  | of    | transa | tran | conclu | the   | settl | of    |
| of the  | sec | sec | trans | ction  | sact | sion   | trans | ement | the   |
| securit | uri | uri | actio |        | ion  | of the | actio |       | perso |
| y, ISIN | tie | tie | n,    |        |      | transa | n*    |       | n **  |
| code    | s   | s,  | LTL   |        |      | ction  |       |       |       |
|         |     | LTL |       |        |      |        |       |       |       |
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| AB      | 980 | 4,8 | 47768 | acquis | purc | 2007   | AUTO  | cash  | 1.2   |
| „Pieno  | 02  | 5   | 7,75  | ition  | hase | 06 13  |       |       |       |
| žvaigžd |     |     |       |        |      |        |       |       |       |
| ės“     |     |     |       |        |      |        |       |       |       |
| PVA,    |     |     |       |        |      |        |       |       |       |
| LT00001 |     |     |       |        |      |        |       |       |       |
| 11676   |     |     |       |        |      |        |       |       |       |
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CFO              Audrius Statulevicius                                          


AUTO - automatically matched trade concluded in the regulated market            
TS - manual trade concluded in the regulated market                             
XOFF - OTC trade                                                                

**                                                                              
1. A manager of the issuer (as defined in the item 5.1. of the Rules):          
1.1. Manager of the Company;                                                    
1.2. Member of the Board;                                                       
1.3. Member of the Supervisory Board;                                           
1.4. Other employee.                                                            
2. A person closely related to the manager of the issuer (as defined in the item
5.2. of the Rules):                                                             
2.1. Spouse, partner;                                                           
2.2. Child, foster child;                                                       
2.3. Other person;                                                              
2.4. Legal person.