UTENOS TRIKOTAZAS

MATERIAL EVENT



DECISIONS ADOPTED AT THE GENERAL SHAREHOLDERS’ MEETING



On the agenda: Acquisition of the own shares of AB Utenos Trikotazas.

Decision: Pursuant to Article 55 of the Company Law of the Republic of

Lithuania, it was decided to acquire 3,926,049 units of the own shares at the

National Stock Exchange of Lithuania. The purpose of this acquisition is to

encourage the increase of share price of Utenos Trikotazas at the NSEL. A

reserve, amounting to LTL 11,698,843, will be formed for acquisition of the own

shares. This reserve is not subject to allocation or reduction until the own

shares are transferred or annulled. It was decided to acquire the own shares at

the NSEL within 18 months after the day of this meeting. The highest and the

lowest acquisition prices per unit were fixed: max – LTL 5.00 and min – LTL

2.5. The nominal value of the own shares to be acquired shall not exceed 1/10

of the company’s authorized capital. The Management Board is to be given a

right to choose an FBF and pass decisions regarding conclusion of particular

transactions at the NSEL pursuant to the provisions established in this

decision and requirements set forth in Article 55 of the Company Law of the

Republic of Lithuania.





Aldona Šinkūnienė

Accountant

8(239)63093