Utenos Trikotazas AB - Notification on material event

Notice of the Annual General Meeting of Shareholders

<span style="font-family:Arial, Helvetica, sans-serif;font-size:9pt;">By the
initiative and decision of the Company Board No.2, 04.04.2012, an ordinary
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 27</span><sup style="font-family: Arial,
Helvetica, sans-serif; ">th<span style="font-family:Arial, Helvetica,
sans-serif;font-size:9pt;"> of April 2012 at 11:00 am. Shareholders'
registration starts at 10:00 am.</span><span style="font-size:9pt;font-family:Arial, Helvetica, sans-serif;">The
meeting accounting day is 20th of April 2012.</span><span style="font-size:9pt;font-family:Arial, Helvetica, sans-serif;">The
accounting day of shareholders rights is 14th of May 2012.</span><span style="font-size:9pt;font-family:Arial, Helvetica, sans-serif;">
Proposed Agenda:</span><span style="font-size:9pt;font-family:Arial, Helvetica, sans-serif;">1.       
   Presentation of the Company annual report for the year 2011.</span><span style="font-size:9pt;font-family:Arial, Helvetica, sans-serif;">2.       
   Report of the Company's auditor.</span><span style="font-size:9pt;font-family:Arial, Helvetica, sans-serif;">3.       
   Approval of the Company and consolidated Group annual financial statements
for the year 2011.</span><span style="font-size:9pt;font-family:Arial, Helvetica, sans-serif;">4.       
   Allocation of the profit (loss) of the Company of 2011.</span><span style="font-size:9pt;font-family:Arial, Helvetica,
sans-serif;">Shareholders who at the end of the General Meeting of
Shareholders' accounting day, i.e. 20thof April 2012, will be shareholders of
the Company have a right to participate and vote at the General 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.</span><span style="font-size:9pt;font-family:Arial, Helvetica, sans-serif;">A person
attending the 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 Annual General Meeting of Shareholders.</span><span style="font-size:9pt;font-family:Arial, Helvetica, sans-serif;">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 General Meeting of Shareholders. At the 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.</span><span style="font-size:9pt;font-family:Arial, Helvetica, sans-serif;">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 General
Meeting, 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 General Meeting of
Shareholders by sending them by registered mail to AB „Utenos trikotažas“,
registered at J.Basanavičiaus g. 122, LT-28214 Utena, Lithuania.</span><span style="font-size:9pt;font-family:Arial, Helvetica, sans-serif;">The
Company is not providing the possibility to attend and vote at the General
Meeting of Shareholders through electronic means of communication.</span><span style="font-size:9pt;font-family:Arial, Helvetica, sans-serif;">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 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 General 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 General Meeting of
Shareholders.</span><span style="font-size:9pt;font-family:Arial, Helvetica, sans-serif;">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 General Meeting of Shareholders. The proposed
draft decisions at any time before the 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. The shareholders shall also be entitled
to propose draft resolutions on the agenda issues of the General Meeting of
Shareholders in writing during the Meeting.</span><span style="font-size:9pt;font-family:Arial, Helvetica, sans-serif;">The
shareholders shall have the right to present questions related to the agenda
issues of the General 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 General 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.</span><span style="font-size:9pt;font-family:Arial, Helvetica, sans-serif;">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 General 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.</span><span style="font-size:9pt;font-family:Arial, Helvetica, sans-serif;">
ENCL.:</span><span lang="X-NONE" style="font-size:9pt;font-family:Arial, Helvetica,
sans-serif;">Appendix No.1.Draft decisions of the Annual General Meeting of
Shareholders</span><span style="font-size:9pt;font-family:Arial, Helvetica,
sans-serif;">.</span><span style="font-size:9pt;font-family:Arial, Helvetica, sans-serif;">Appendix
No.2. Draft report of the Company's auditor. </span><span style="font-size:9pt;font-family:Arial, Helvetica, sans-serif;">Appendix
No.3.Draft report of the Company and consolidated Group annual financial
statements. </span><span style="font-size:9pt;font-family:Arial, Helvetica, sans-serif;">Appendix
No.4. Draft of the Company's consolidated annual report for the year
2011.</span><span style="font-size:9pt;font-family:Arial, Helvetica, sans-serif;">Appendix
No.5. Draft of Statement of the Company's Profit Allocation for the
Year.</span><span style="font-size:9pt;font-family:Arial, Helvetica, sans-serif;">Appendix
No.6. An explanation of the difference in results of the Company and the Group
consolidated annual financial statements and the preliminary consolidated
annual financial statements published on 29 February 2012.</span><span style="font-family:Arial, Helvetica, sans-serif;font-size:9pt;">For more
information please contact Mr. Gintautas Bareika, Managing Director of AB
Utenos trikotažas, tel. No. 370 389 51445</span><span style="font-size:9pt;font-family:Arial, Helvetica, sans-serif;">
 Managing Director AB ,,Utenos trikotažas“ Gintautas Bareika</span>

Attachments:

Appendix_No.2.pdf

Appendix_No.1.pdf

Appendix_No.3.pdf

Appendix_No.5.pdf

Appendix_No.4.pdf

Appendix_No.6.pdf