UTENOS TRIKOTAZAS

MATERIAL EVENT



DECISIONS OF THE EXTRAORDINARY GENERAL SHAREHOLDERS’ MEETING



At the meeting it was decided to:

1) increase the company’s authorised capital by LTL 16,000,000.

2) Amend the company’s Articles of Association.

To read paragraph 4.2 of the Articles of Association as follows:

“4.2 The value of the company’s authorised capital amounts to LTL 39,260,491.

To supplement paragraph 4.8 of the Articles of Association: to insert the

words “reserves for the acquisition of the own shares are formed” after the

words “new shares issued”.

3) Mortgage the assets owned by the company by the right of ownership in order

to secure the bank loans.

4) Approve major directions of activity of AB Utenos Trikotazas in 2002.





A.Šinkūnienė

accountant

8 239 63093