Utenos Trikotazas AB - Notification on material event

Sales for the III quarter of 2012

AB Utenos trikotažas sales for the III quarter of 2012 reached LTL 11.2 million
(EUR 3.2 million), 4.8 % less than during the same period in 2011. The company
sales for the 9 months of 2012 reached LTL 31.1 million (EUR 9.0 million), 23.7
% less than during the same period in 2011. 

Consolidated Group sales for the III quarter of 2012 reached LTL 13.2 million
(EUR 3.8 million), 6.3 % less than during the same period in 2011. Consolidated
group sales for the 9 months of 2012 reached LTL 37.7 million (EUR 10.9
million), 21.5% less than during the same period in 2011. 

„We anticipate that a consistent implementation of the strategy, i. e.
proactive  collaboration with our new customers both in Western Europe and
Russian markets, accomplishment of a new brand concept for international
markets, participation at international textiles exhibitions, focussed and
systematic approach to  the development of an innovative fabrics will
eventually lead to a considerable sales growth in the nearest future“, - says
AB “Utenos Trikotažas” Managing Director Gintautas Bareika. 

According to Mr. Bareika, a special attention was paid to Lithuanian market as
well: an online shop www.utenostrikotazas.lt was opened in October, while a
launch of a new international brand for local and foreign markets is scheduled
in the middle of November. 

For more information please contact Mr. Gintautas Bareika, Managing Director of
AB Utenos trikotažas, tel. No. 370 389 51445. 

I, the undersigned, confirm that the above information is complete and true.



Managing Director    AB Utenos trikotažas     Gintautas Bareika