UTENOS TRIKOTAZAS

MATERIAL EVENT



ADOPTED DECISIONS OF A GENETRAL SHAREHOLDERS’ MEETING



At the meeting it was decided to:

1) approve the Board’s report on the economic and financial activity in 2000;

2) note that the meeting heard conclusions of the audit company Arthur Andersen

 on the company’s annual financial statements;

3) approve financial statements for 2000;

4) approve appropriation of profit for 2000. Current year net profit equals

LTL 14,408,825; profit to be appropriated – LTL 14,520,785; dividends –

LTL 11,630,245. Dividends of LTL 0.5 will be paid per share. Bonuses and

tantiemes - LTL 1,000,000. Dividends shall be paid at the company’s cash desk

or by transfer following the request of a shareholder. Profit to be caried

forward at the end of the current year – LTL 1,890,540.

5) elect Arthur Andersen the company’s auditor for 2001;establish remuneration

 for audit services at LTL 74,000;

6) recall the following Board members: Rimas Varanauskas, Nijolė

Dumbliauskienė,Bjorn Gillberg, and Nerijus Datkūnas;

7) elect the following persons members of the Board: Valdas Bernatavičius,

Nijolė Dumbliauskienė, Bjorn Gillberg, Arūnas  Martinkevičius, Regina Sajienė,

Arvydas Strumskis;

8) approve the Board’s decisions regarding lease of long-term assets with the

residual value of LTL 6,397thou as of 31 12 2000.





Aldona Šinkūnienė

Accountant

8 239 63093