Utenos Trikotazas - Notification on material event

Regarding processing of accounting records of AB “Utenos trikotazas”

AB „UTENOS TRIKOTAŽAS“, legal entity code 183709468, registered address at J.
Basanavičiaus str. 122, Utena, Republic of Lithuania (hereinafter - the
Company) hereby announces that on 14 January 2015, the procedure of the
increase of Company's authorized capital was completed and Company's ordinary
registered shares' (ISIN code LT0000109324) issue registration account was
amended: issue was increased to 9 503 000 (nine million five hundred three
thousand) ordinary registered shares of EUR 0.29 (twenty nine euro cents) par
value each (the previously registered issue of ordinary registered shares which
amounted to 5 000 000 ordinary registered shares was merged with a new issue of
4 503 000 ordinary registered shares). 

Since January 14, 2015, the shares issue of the Company consist of 9 503 000
(nine million five hundred three thousand) ordinary registered shares of EUR
0.29 (twenty nine euro cents) par value each. The total nominal value of the
shares amounts to EUR 2 755 870 (two million seven hundred fifty five thousand
eight hundred seventy euros). 

The authorized capital of the Company was increased by implementing the
decisions of the Company's General Shareholders Meetings held on 03-12-2009,
26-03-2014 and pursuant to the convertible bonds (ISIN code LT1000450007)
holders written requests to convert 19 units of convertible bonds into 4 503
000 ordinary registered shares of the Company. 

Please be informed that the securities' ISIN code of the Company remains
unchanged - LT0000109324. 

For more information please contact Mr. Gintautas Bareika, Managing Director of
AB “Utenos trikotažas”, tel. No. 370 389 51445. 

Managing Director    AB “Utenos trikotažas”     Gintautas Bareika