Utenos Trikotazas AB - Notification on material event

Notice on Extraordinary General Shareholders Meeting Utenos trikotažas

The Extraordinary General Shareholders Meeting of public company „UTENOS
TRIKOTAŽAS“, code 183709468, address J.Basanavičiaus 122, Utena, is convened. 

The Date of the Meeting - 17-12-2009, Thursday. Time - 10.00 a.m., place -
J.Basanavičiaus 122, Utena, Lithuania. Registration starts at 9.00 a.m. 

The Board approved the following agenda for the Extraordinary General Meeting
of Shareholders: 
1)The amendment of the By-laws of the Company and approval of the new wording
of the By-laws; 
2)Authorisation.

The Board approved the following draft decisions for the Extraordinary General
Meeting of Shareholders: 

1)The amendment of the By-laws of the Company and approval of the new wording
of the By-laws 

a)To supplement By-laws of the Company with article 6.7:

„6.7. The General Meeting in the decision to issue a convertible bonds, may
decide to adopt the following decisions only if the prior consent of the
convertible bonds holder who holds more than a half of the bonds of the
appropriate convertible bonds issue is received: 
1)to increase the authorized capital of the Company;
2)to issue the convertible bonds; 
3)to issue new shares or to determine the class, number and set the nominal
value and the minimum issue price of the shares issued by the Company; 
4)to convert the shares of one class into shares of another class, approve
share conversion procedure; 
5)to pay the dividends or in any other way to distribute the profits to the
shareholders of the Company 
6)to take a decision on the reorganisation or division of the Company and
approve the terms of reorganisation or division; 
7)to transform, to restructure and to liquidate the Company;
8)to amend the By-laws of the Company if the amendments have an influence on
the rights of the convertible bonds holders indicated in the decision of the
General Meeting”. 

b)To approve the new wording of By-laws of the Company (the draft of the new
wording of the By-laws is attached to the minutes). 

2)Authorisations 

To authorise the general manager of the Company Mr. Nerijus Vilūnas to sign the
new wording of the By-laws and to perform all the actions related to the
fulfilment of the decision of the General Meeting of the Shareholders to amend
the By-laws of the Company. 


The account date of the Extraordinary General Meeting of Shareholders -
10-12-2009. Shareholders that own AB „Utenos trikotazas“ shares on the end of
the working day of 10-12-2009, shall have the right to participate in convened
Extraordinary General Meeting. 

The Extraordinary General Shareholders Meeting is convened by initiative and
the decision of the Board. 

Persons who participate in General Meeting of Shareholders must submit an
identity document. A person who is not a shareholder, to this document, also
must submit a document confirming the right to vote at an Extraordinary General
Meeting of Shareholders. The authorized person at an Extraordinary General
Meeting of Shareholders shall have the same rights as represented shareholder. 

Please be informed that shareholders, who are entitled to participate at an
Extraordinary General Meeting of Shareholders, own the right to authorize by
electronic means natural or legal person to attend and vote on behalf of them
at Extraordinary General Meeting of Shareholders. Power of attorney that is
issued by the shareholder must be reported to the company by sending it by
e-mail utenos.trikotazas@ut.lt not later than the 14-12-2009 (16:00 p.m.). 

Please be informed that on decisions which are included into Extraordinary
General Meeting of Shareholders agenda can be voted in writing by completing
the general ballot paper. If the person who had completed the general ballot
paper is not a shareholder, the completed general ballot paper must be
accompanied by a document confirming the right to vote. The duly completed
general ballot paper (voting bulletin) should be sent by e-mail
utenos.trikotazas@ut.lt or delivered directly to the Company's office at
J.Basanavičiaus 122, Utena, not later than the 14-12-2009 (16:00 p.m.). The
Company reserves the right not to include in the shareholder vote, if the
general ballot paper does not meet the third and fourth parts of the 30 Article
of Law on Companies requirements, is received later than the stated deadline or
the general ballot paper is written in a way that it is impossible to establish
shareholder‘s will on a separate issue. 

The agenda of the Extraordinary General Meeting of Shareholders may be
supplemented by initiative of shareholders who own shares no less than 1/20 of
all the votes. Proposals to the agenda of the Extraordinary General Meeting of
Shareholders may be submitted by e-mail utenos.trikotazas@ut.lt or delivered to
the Company's office at J.Basanavičiaus 122, Utena, not later than the
03-12-2009. Please be informed that along with a proposal to supplement the
agenda of the Extraordinary General Meeting of Shareholders must be submitted
the drafts of proposed decisions, or if the decisions shall not be adopted,
explanations on each of the proposed issue. 

Please be informed that shareholders who own shares no less than 1/20 of all
votes own the right at any time before the Extraordinary General Meeting of
Shareholders or during the meeting in writing or by e-mail
utenos.trikotazas@ut.lt propose new draft decisions related to the questions
included into agenda, also nominate candidates to the company board or propose
an audit company. 

Shareholders own the right to ask the questions concerning the agenda of the
Extraordinary General Meeting of Shareholders. Questions may be submitted by
e-mail utenos.trikotazas@ut.lt or delivered directly to the Company's office at
J.Basanavičiaus 122, Utena not later than 14-12-2009. 

Please be informed that the Company may refuse to answer to shareholder's
questions if they are concerned to the commercial (industrial) secrets or other
confidential information. 

The information indicated in the Article 262 of the Law on Companies of the
Republic of Lithuania shall be submitted in the website www.ut.lt. 


The General Manager of AB “UTENOS TRIKOTAŽAS“	Nerijus Vilūnas
 (telephone 8 389 51445)