UTENOS TRIKOTAZAS

MATERIAL EVENT



ADOPTED DECISIONS OF A GENERAL SHAREHOLDERS’ MEETING



The meeting of 18 April 2000 decided:

1) to approve report of the company’s Board on financial and economic activity

in 1999;

2) to approve audit conclusions on the company’s activity and annual balance;

3)  to approve financial statements of 1999. In 1999, the company’s net audited

profit amounted to LTL 13,095,073. It was decided to approve draft

appropriation of profit. LTL 11,630,245 were alloted for payment of dividends.

A LTL 0.50 dividend is awarded per share of LTL 1 par value.

4)  to approve amendments to the Articles of Association;

5)  to select Arthur Andersen, auditing company, auditor for 2000. Remuneration

of no more than USD 20 000 should be established for audit services;

6)  to satisfy application of Rimas Jakučionis, member of the Board, and to

remove him from the office;

7)  loans from banks or other finance institutions obtained for funding of

working capital by mortgaging movable property and real estate of the company

shall not exceed LTL 11 million;

8)  to allocate financial support of LTL 735,000 to VĮ "Kauno "Žalgirio"

rėmėjas".





Lina Semėnaitė

Information specialist

8(22) 72 18 58