Utenos Trikotazas AB - 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 2013 decided: 

      1. Presentation of the Company annual report for the year 2012.

Company annual report for the year 2012, prepared by the Company, assessed by
the auditors and approved by the Board of Directors is presented (Appendix
No.2). 

      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 2012. 

         Decided:

         To approve the annual financial statements of the Company and
consolidated of the Group for the year 2012 (Appendix No.2). 

      4. Allocation of the profit (loss) of the Company of 2012.

         Decided:

         To allocate the Company's profit of the year 2012 according to the
draft of profit allocation presented for the Annual General Meeting of
Shareholders (Appendix No.3). 

       5.  Election of the Company's Board members.

          Decided:

            To elect the following members to the Company's Board for the new
Board term (for 4 years): 

1.     Algirdas Šabūnas;

2.     Gintautas Rudis;

3.     Robertas Beržinskas;

4.     Vytautas Vaškys.

       6.    The approval of the Audit committee members for the new audit
committee term.  Determination of remuneration for an independent member of the
Audit committee. 

           Decided:

              To elect the following members to the Company‘s Audit committee
for the new term (for 4 years): 

1.       Genadij Makušev;

2.       Jolanta Gulbinaitė;

3.       Giedrius Grondskis.

Proposed compensation for an independent member of the Audit committee is 300
LTL (three hundred LTL) per session hour, but no more than 900 LTL (nine
hundred LTL) for the full session. This is without the income tax, which is
determined by the laws of Lithuanian Republic and paid by the company to the
appropriate party. 

       7.  Election of the Company's auditor.

             Draft decision presented for the voting:

             To extend the agreement for the audit services for the year 2013
with the audit company UAB “Ernst & Young Baltic“ (company code 110878442). To
approve the annual remuneration for the audit services not bigger than LTL
56.200 excl. VAT. 

ENCL.:

Appendix No.1. Report of the Company's auditor.

Appendix No.2. Report of the Company and consolidated Group annual financial
statements. Company's consolidated annual report for the year 2012. 

Appendix No.3. Statement of the Company‘s Profit Allocation for the Year 2012.

Appendix No.4. 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.3.pdf

Appendix_No.2.pdf

Appendix_No.1.pdf

Appendix_No.4.pdf