Utenos Trikotazas AB - Notification on material event

Change of managing director of Utenos trikotažas AB

 Gintautas Bareika will take over the position of managing director of the
Company as of August 16, 2011. He has vast management experience in running
large companies and will replace outgoing N. Vilūnas who ran the company since
September 2008. 

„I am very glad that an experienced and energetic manager with will join our
great team at Utenos Trikotažas. I believe under his leadership we will realize
ambitious goals and full potential of the company“, said Algirdas Šabūnas,
Chairman of the Board of Utenos Trikotažas and Finance vice president of SBA
Concern. 

„Every change in a career is a challenge and development opportunity for me as
a person and a professional. I hope my knowledge and experience will help the
company to achieve its long term and short term goals. I know that great
challenges are ahead and I am ready for those“, Bareika says. 

„We are thankful to Mr. Vilūnas, the outgoing managing director of Utenos
Trikotažas, for his great work and commitment during the most difficult times
for the company. We wish him all the best in meeting new challenges in future“
Šabūnas added. 

For more information please contact Mr. Saulius Rakauskis, Finance Director of
AB „Utenos trikotažas“, phone No. 370 389 51445 or Mrs. Ernesta Dapkienė,
Public Relations Manager of Concern “SBA”, phone No. 370 611 43548 

 I, the undersigned, confirm that the above information is complete and true.

 Finance Director      AB „Utenos trikotažas“     Saulius Rakauskis