Notification on the transaction (-s) in issuer's securities concluded by the manager of the issuer


10-08-2007                                                                      
Date of announcement                                                            

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| Kristina Mileiko, personal code 46703130536, Board member                    |
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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, 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  | Numb | Price | Tota | Form | Type | Date  | Place  | Form   | Catego |
| and   | er   | of    | l    | of   | of   | of    | of the | of     | ry of  |
| class | of   | secur | valu | tran | tran | concl | transa | settle | the    |
| of    | secu | ites, | e of | sact | sact | usion | ction  | ment   | person |
| the   | riti | LTL   | tran | ion  | ion  | of    | *      |        | **     |
| secur | es   |       | sact | (acq |      | the   |        |        |        |
| ity,  |      |       | ion, | uisi |      | trans |        |        |        |
| ISIN  |      |       | LTL  | tion |      | actio |        |        |        |
| code  |      |       |      | ,    |      | n     |        |        |        |
|       |      |       |      | tran |      |       |        |        |        |
|       |      |       |      | sfer |      |       |        |        |        |
|       |      |       |      | )    |      |       |        |        |        |
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| Pieno | 16   | 5,30  | 86   | tran | Purc | 06-08 | AUTO   | cash   | 1.2.   |
| Zvaig | 228  |       | 008, | sfer | hase | -2007 |        |        |        |
| zdes  |      |       | 40   |      | -sal |       |        |        |        |
| AB    |      |       |      |      | e    |       |        |        |        |
| ORS,  |      |       |      |      |      |       |        |        |        |
| LT000 |      |       |      |      |      |       |        |        |        |
| 01116 |      |       |      |      |      |       |        |        |        |
| 76    |      |       |      |      |      |       |        |        |        |
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| Pieno | 43   | 5,30  | 229  | tran | Purc | 06-08 | AUTO   | cash   | 1.2.   |
| Zvaig | 302  |       | 500, | sfer | hase | -2007 |        |        |        |
| zdes  |      |       | 60   |      | -sal |       |        |        |        |
| AB    |      |       |      |      | e    |       |        |        |        |
| ORS,  |      |       |      |      |      |       |        |        |        |
| LT000 |      |       |      |      |      |       |        |        |        |
| 01116 |      |       |      |      |      |       |        |        |        |
| 76    |      |       |      |      |      |       |        |        |        |
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Kristina Mileiko/ _____________________                                         
(signature)	                                                                    

*                                                                               
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.