Utenos Trikotazas AB - Notification on material event

Sales for the I quarter of 2014

AB Utenos Trikotažas sales for the I quarter of 2014 reached LTL 11.7 million
(EUR 3.4 million), 19.8 % less than during the same period in 2013. 

Consolidated “Utenos Trikotažas” Group sales for the I quarter of 2014 reached
LTL 15.1 million (EUR 4.4 million), 14.1 % less than during the same period in
2013. 

„The company consistently implements strategic orientation towards innovative
fabrics and higher added-value manufacturing. After revising the key
performance indicators, the number of customers and orders was reduced in order
to better satisfy the needs of strategically important, higher profitability,
manufacturing of innovative fabrics requiring clients. The change in priorities
enabled group to achieve positive operating profit during the first quarter of
2014, preliminary estimates show“, commented Mr. Gintautas Bareika, Chief
Executive Officer of AB Utenos Trikotažas. 

For more information please contact Mr. Gintautas Bareika, Chief Executive
Officer 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