UTENOS TRIKOTAZAS

MATERIAL EVENT



GENERAL MEETING OF SHAREHOLDERS HELD ON 26 MARCH 2003



(Unofficial translation done at the NSEL)



The meeting adopted the following resolutions: 1. Approved  the report on the

company’s activity in 2002.2. Approved auditor’s report.

3. Approved company’s financial statements for 2002.4. Approved profit

distribution for 2002. Announced that the amount of dividend paid out for 2002

would be LTL 0.62 per share of LTL 1 nominal value. Record date of shareholders

authorised to receive dividend is 26 March 2003. 5.,,Ernst @ Yong” elected the

auditor of the company’s financial statements for 2003.6. Approved new version

of Articles of Association amended in accordance with the Company Law of

13 July 2000.





A.Šinkūnienė

Accountant

(370 389) 63093