Utenos Trikotazas AB - Notification on material event

Draft resolutions prepared by the Board of Directors of Utenos trikotazas, AB

Draft resolutions prepared by the Board of Directors of Utenos trikotazas, AB 
for 
the General meeting of Shareholders to be held on 30 th April 2008: 

1.	To approve the Audit report.
2.	To approve the Annual report of the Company for the year 2007. 
3.	To approve the financial accounting for the year 2007.
4.	To approve the Profit distribution for the year 2007:

PROFIT DISTRIBUTION                                                    
                                           	Lt                 EUR           
 Retained earnings (loss) in the end of last  5 650 449      	1 636 483	 
 fiscal year                                                                    
 Net profit (loss)                           	(1 683 084)      	(487 455)	 
 Distributable result-profit (loss) in the   	3 967 365	         1 149 028	 
 end of fiscal year                                                             
 The contribution of stockholders for the                     			
 loss refund                                                                    
 Transfer from the reserve                      					               
 Distributable earnings                       3 967 365        1 149 028	 
 The distribution of profit:                                                    
 reserves set by law                           			      	        
 other reserves (to settle for the own stocks) 				                 
 dividends                                   	`		       		                    
 other                           			               	   		                 
 Retained earnings in the end of fiscal year  3 967 365       1 149 028 

5. Elected audit company “PricewaterhouseCoopers” UAB as the auditor of AB
“Utenos trikotažas” for the year 2008. Approved the price of service 87 500 LTL
without VAT. 



Darius Varnas,
Finance manager of AB “Utenos trikotazas”, 
tel. No. 8 389 51445