UTENOS TRIKOTAZAS

MATERIAL EVENT



CONVOCATION OF A GENERAL SHAREHOLDERS' MEETING



On 18 April, 2000 the general shareholders' meeting will take place.

On the agenda:

1) report of the company's Board on the financial and economic activity in

1999 and approval of the report;

2) report of the audit on the company's activity and annual balance;

3) approval of the financial statements of 1999 and of profit distribution;

4) consideration and approval of the draft amendments to the company's

Articles of Associaton;

5) election of an auditor and determination of the compensation scheme for

audit services;

6) regarding revocation of a member of the Board;

7) other issues.





Lina Semėnaitė

Information specialist

(22) 72 18 58