UTENOS TRIKOTAZAS

MATERIAL EVENT



RESULTS FOR THE 1ST QUARTER OF 2004



(Unofficial Translation Done at the NSEL)



The Board of Utenos Trikotazas AB has approved the unaudited financial

statements for the 1st quarter, prepared according to the International

Accounting Standards. The net profit amounts to LTL 4,441,000, sales make

up LTL 35,108,000.





Mr Nerijus Datkunas

Finance Director

(+370 389) 63080