Utenos Trikotazas AB - Notification on material event

The Resolutions of General meeting of Shareholders of AB Utenos trikotazas

The General Meeting of Shareholders of AB “Utenos trikotažas” has adopted the
following resolutions: 
1.	Approved  the annual report of AB Utenos trikotazas for the year 2008;
2.	Approved the Audit conclusions. 
3.	Approved the financial statements for the year 2008.
4.	Approved the Profit distribution for the year 2008:

PROFIT DISTRIBUTION PROJECT                                                    
                                           	Thousand/Lt          thousand/EUR
Retained earnings (loss) in the end of last   3 967 365             1 149 028	 
fiscal year                                                                    
Net profit (loss)                             (6 233 134)        (1 805 240)	 
Distributable result-profit (loss) in the   	(2 265 769)        (656212) 
end of fiscal year                                                             
The contribution of stockholders for the loss refund 
Transfer from the reserve                      				                   
Distributable earnings                      (2 265 769)           (656 212)  	 
The distribution of profit:                                                    
reserves set by law                         			     		                  
other reserves (to settle for the own stocks) 		 		                 
dividends                                   	`		       		                    
other                           			               	  		 -   
Retained earnings in the end of fiscal year  	   (2 265 769)      (656 212) 

5.	Elected audit company “PricewaterhouseCoopers” UAB as the auditor of AB
“Utenos trikotažas” for the year 2009. Approved the price of service 65 500 LTL
without VAT. 
6.	Aapproved Audit Committee and activity rules;
7.	Elected  Independent member of Audit Committee and  approved payment for
work setting; 
8.	Elected Board members for new Board tenure:
			1. Algirdas Šabūnas
			2. Robertas Beržinskas
			3. Gintautas Rudis
			4. Vytautas Vaškys
Managing Director 
Of AB “Utenos trikotažas”
Nerijus Vilūnas
+370-389-51445