Utenos Trikotazas - Notification on material event

Decisions of the Annual General Meeting of Shareholders

The Annual General Meeting of Utenos trikotazas, AB (hereinafter ‘the Company')
shareholders held on 30 April 2015 decided: 

       1. Presentation of the Company annual report for the year 2014.

Company annual report for the year 2014, prepared by the Company, assessed by
the auditors and approved by the Board of Directors is presented (Appendix
No.1). 

       2. Report of the Company's auditor.

Taken for the information (Appendix No.1).

       3. Approval of the Company and consolidated Group annual financial
statements for the year 2014. 

Decided:

To approve the annual financial statements of the Company and consolidated of
the Group for the year 2014 (Appendix No.1). 

       4. Allocation of the profit (loss) of the Company of 2014.

Decided:

To allocate the Company's profit of the year 2014 according to the draft of
profit allocation presented for the Annual General Meeting of Shareholders
(Appendix No.2). 

       5.  Election of the Company's auditor.

Draft decision presented for the voting:

The Company financial statements for 2015 and 2016 the performance of the audit
purposes, to conclude a contract with UAB "ERNST & YOUNG BALTIC"
(identification code 110878442, the registered address: Subačiaus str. 7,
Vilnius), with the possibility to extend this agreement one - 2017 year. To
approve the annual remuneration for the audit services EUR 15.300 (fifteen
thousand three hundred euros) plus VAT. 

ENCL.:

Appendix No.1. Report of the Company and consolidated Group annual financial
statements. Company's consolidated annual report for the year 2014. Report of
the Company's auditor. 

Appendix No.2. Statement of the Company‘s Profit Allocation for the Year 2014.

Appendix No.3. Confirmation of responsible persons.

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.2.pdf

Appendix No.1.pdf

Appendix No.3.pdf