UTENOS TRIKOTAZAS

MATERIAL EVENT



DECISIONS ADOPTED AT THE GENERAL SHAREHOLDERS’ MEETING



On 4 April 2002, a general shareholders’ meeting took place. At the meeting the

following decisions were adopted:

1) report on the company’s performance was approved;

2) audit statement was approved;

3) annual financial statements were approved;

4) profit appropriation of 2001 was approved: LTL ,833,611 were allocated for

payment of dividends. Dividends of LTL 0.25 will be paid per one share at the

par LTL 1. Dividends will be paid at the company’s till or will be transferred

to the personal account of the shareholder upon request within 3 months after

the shareholders’ meeting. LTL 1,000,000 were allotted for payment of tantiemes

and employees’ bonuses.

5) Audit company UAB Arthur Andersen was elected auditor of AB Utenos

Trikotazas;

6) The company’s authorized capital was reduced by LTL 3,926,049 by annulling

the acquired own shares;

7) Articles of Association were amended. The company’s authorized capital

equals LTL 35,334,442; it is divided into 35,334,442 shares at par value of LTL

1.

8) Antanas Vainauskas was elected member of the Management Board replacing the

resigned member Valdas Bernatavicius.





Aldona Šinkūnienė

Accountant

8 239 63093