Regarding acquisition (purchasing) of AB “Žemaitijos pienas” own shares

World News: . []

AB “ŽEMAITIJOS PIENAS” (legal address: Sedos Str. 35, Telšiai, entity identification number 180240752, hereinafter referred to as the Company) hereby informs that considering the decision of AB “Žemaitijos pienas” General Meeting of Shareholders of 30 April 2018 “Regarding acquisition of own shares”, following the decision of the Board of the Company, it was decided to purchase ordinary registered shares of AB “Žemaitijos pienas”, nominal value of one share is EUR 0.29, through AB “Nasdaq Vilnius” Stock Exchange official market.

Conditions for acquisition (purchasing) of AB “Žemaitijos pienas” shares:

Acquisition of shares starts – 20 August 2018 (inclusive);Acquisition of shares finishes – 03 September 2018 (inclusive);Maximum number of shares to be acquired – 742 857 pieces;Total maximum price of shares to be acquired– 1 300 000 Euros;Price of acquisition of shares – 1.75 Euro per one share;  If share supply exceeds the number of shares acquired, the number of shares to be sold shall be reduced proportionally for each seller of shares.

LawyerG. Keliauskas + 370 444 22208

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Globe Newswire: 08:00 GMT Friday 10th August 2018

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