UTENOS TRIKOTAZAS

MATERIAL EVENT



RESOLUTIONS OF AB “UTENOS TRIKOTAŽAS” BOARD.



The Board of AB “Utenos trikotažas” has approved audited results

of financial activities for the year 2003.

Sales of AB “Utenos trikotažas”: 134,191.2 thous. LTL;

in 2002: 130,296.8 thous. LTL

Sales of the Group: 180,854.9 thous. LTL;

in 2002: 164,445.8 thous. LTL

Net profit of AB “Utenos trikotažas”: 13,162 thous. LTL;

in 2002: 15,837 thous. LTL

Net profit of the Group: 13,162 thous. LTL;

in 2002: 13,628 thous. LTL

The Company’s investment to the subsidiaries is being

accounted by applying a method of property.

The Board has resolved to convene General Meeting of Shareholders

on 20 April 2004, it has approved the agenda of the Meeting and

draft resolutions on all issues of the agenda. For the results

of 2003, the Board has proposed to pay 0.60 LTL of dividends

per each share of AB “Utenos trikotažas” with nominal value

of 1 LTL.





Mr Nerijus Datkūnas

Financial Director

8-389 63 080