Utenos Trikotazas AB - Notification on material event

Notice of the Extraordinary General Meeting of Shareholders

By the initiative and decision of the Company Board Nr.14-02, 03.03.2014 an
extraordinary general meeting of AB „Utenos trikotažas“, registered at
J.Basanavičiaus g. 122, LT-28214 Utena, company number 183709468, shareholders
is being convoked at J.Basanavičiaus g. 122, Utena, on 26th of March 2014 at
10:00 am. Shareholders' registration starts at 9:00 am. 

The meeting accounting day is 19th of March 2014.

     Proposed Agenda:

  1. Amendment to the issue terms and conditions of non-public issue of
     convertible bonds (ISIN code LT1000450007) adopted in the extraordinary
     general meeting of the shareholders of AB “Utenos trikotažas” as of 3
     December 2009
  2. Authorization



Shareholders who at the end of the ExtraordinaryGeneral Meeting of
Shareholders' accounting day, i.e. 19th of March 2014, will be shareholders of
the Company, have a right to participate and vote at the ExtraordinaryGeneral
Meeting of Shareholders personally or by proxy, or to be represented by the
person with whom an agreement on the transfer of voting rights is concluded. 

A person attending the Extraordinary General Meeting of Shareholders and having
a voting right must bring with him/her a person's identification document. A
person who is not a shareholder must additionally produce a document confirming
his/her right to vote at the ExtraordinaryGeneral Meeting of Shareholders. 

Each shareholder shall have a right, in the manner established by the Law, to
authorise another (natural or legal) person on his/her behalf to attend and
vote at the ExtraordinaryGeneral Meeting of Shareholders. At the Extraordinary
General Meeting of Shareholders, an authorised person shall have the same
rights as would be held by the shareholder or shareholders represented by
him/her, unless the authorized person's rights are limited by the power of
attorney or by the Law. The authorised person must provide a power of attorney
certified in the manner established by the Law. A power of attorney issued in a
foreign state must be translated into Lithuanian and legalised in the manner
established by the Law. The Company does not establish special form of power of
attorney. 

A shareholder or a person authorised by him/her shall have a right to vote in
writing in advance by filling in the General Voting Ballot. Upon a
shareholder's request, the Company, not later than 10 days before the
Extraordinary General Meeting of Shareholders, shall send the General Voting
Ballot by registered mail free of charge. The sample of General Voting Ballot
is also provided on the Company's website at http://www.ut.lt. The General
Voting Ballot, duly filled in and signed by the shareholder or a person, having
a voting right, and the document confirming the voting right (if any) must be
submitted to the Company in writing not later than on the last business day
before the Extraordinary General Meeting of Shareholders by sending them by
registered mail to AB „Utenos trikotažas“, registered at J.Basanavičiaus g.
122, LT-28214 Utena, Lithuania. 

The Company is not providing the possibility to attend and vote at the
ExtraordinaryGeneral Meeting of Shareholders through electronic means of
communication. 

Each shareholder holding shares that grant at least 1/20 of all votes shall
have the right of proposing to supplement the agenda of the Extraordinary
General Meeting of Shareholders. Draft decisions on the proposed issues shall
be submitted together with the proposal or, if the decisions do not need to be
approved, explanations on each proposed issue of the ExtraordinaryGeneral
Meeting of Shareholders shall be presented. Proposal to supplement the agenda
must be presented in writing by sending it by registered mail to AB „Utenos
trikotažas“, registered at J.Basanavičiaus g. 122, LT-28214 Utena, Lithuania,
or by e-mail utenos.trikotazas@ut.lt. The agenda will be supplemented if the
proposal is received not later than 14 days before the ExtraordinaryGeneral
Meeting of Shareholders. 

Each shareholder holding shares that grant at least 1/20 of all votes shall
have the right of proposing draft resolutions on the issues already included or
to be included in the agenda of the Extraordinary General Meeting of
Shareholders. The proposed draft decisions at any time before the Extraordinary
General Meeting of Shareholders must be presented in writing by sending them by
registered mail to AB „Utenos trikotažas“, registered at J.Basanavičiaus g.
122, LT-28214 Utena, Lithuania, or by e-mail utenos.trikotazas@ut.lt. Theshareholders shall also be entitled to propose draft resolutions on the agenda
issues of the ExtraordinaryGeneral Meeting of Shareholders in writing during
the Meeting. 

The shareholders shall have the right to present questions related to the
agenda issues of the ExtraordinaryGeneral Meeting of Shareholders to the
Company in advance in writing, by providing the shareholder's (natural or legal
person's) personal identification number, the natural person's consent to
process personal data - personal identification number, in the letter and by
sending it by registered mail. The Company undertakes to respond if the
questions are received not later than 3 business days before the
ExtraordinaryGeneral Meeting of Shareholders. Responses of a general character
shall be posted on the Company's website http://www.ut.lt. The Company will not
respond personally to the shareholder if the respective information is posted
on the Company's website. 

The shareholders could get familiarised with the documents possessed by the
Company related to the agenda of the Meeting, including draft resolutions, and
other documents to be submitted to the ExtraordinaryGeneral Meeting of
Shareholders as well as to get information regarding execution of the
shareholders' rights at the headquarters of AB „Utenos trikotažas“, registered
at J.Basanavičiaus g. 122, LT-28214 Utena, Lithuania, or on the Company's
website at http://www.ut.lt. 

 ENCL.:

         Appendix No.1. DRAFT DECISIONS OF THE EXTRAORDINARY GENERAL MEETING OF
THE SHAREHOLDERS 

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

Attachments:

Appendix No.1..pdf