REPUBLIC OF LITHUANIA OFFICIAL TRANSLATION REPUBLIC OF LITHUANIA LAW ON RESTRUCTURING OF ENTERPRISES 20 March 2001 No IX-218 (As last amended on 12 October 2006 – No X-853) Vilnius CHAPTER I GENERAL P

Article 17. Article 25.

Completion of the Restructuring of the Enterprise

1. After the enterprise restructuring plan has been implemented, the head of the enterprise and the enterprise administrator, if such has been appointed, must, within ten calendar days, draft a statement about the implementation of the restructuring plan. This statement has to be signed by the head of the enterprise, the enterprise administrator, if such has been appointed, a person representing the institution which enforces the rights and fulfils the duties of the owner of a state or municipal enterprise, investor/investors and the Chairman of the committee/meeting of creditors.
2. The head of the enterprise must, within five calendar days, file the statement referred to in paragraph 1 of this Article with the court.
3. The amount of the assets of the enterprise shall be determined in terms of its balance value according to the financial statements drawn up on the basis of the data on the day of completion of the restructuring of the enterprise.
4. Upon receipt of the statement refereed to in paragraph 1 of this Article, the court shall adopt a decision: 1) to approve the submitted statement certifying that the restructuring plan has been implemented; 2) to complete the restructuring proceedings.
5. The head of the enterprise must, within five calendar days from the day on which the court decision became effective, notify the institutions referred to in

Article 17about the court decision to complete the enterprise restructuring proceedings.

CHAPTER VII FINAL PROVISIONS Article

1. Entry into Force of the Law
2. This Law, except for Article 27, shall enter into force on 1 July
4. The provision laid down in subparagraph 1 of paragraph 7 of Article 7 of this Law concerning the specification of the register of the enterprise under restructuring and the provision laid down in

Article 17

concerning the submission of documents to managers of the Legal Entities Register shall come into effect since the beginning of activities of the Legal Entities Register. 3. Until the beginning of activities of the Legal Entities Register the following shall apply: the manager of the Register of Enterprises, who accumulates and stores the data about the enterprise, must be specified in court order referred to in paragraph 7 of Article 7; the documents specified in

Article 17shall be submitted to the manager of the Register of Enterprises.

Article 27. Recommendations to the Government The Government or a body authorised by it shall, by 1 June 2001, determine the following: 1) the procedure for submitting and announcing information about the enterprise under restructuring and the course of the restructuring; 2) the procedure for representation of the persons authorised by state institutions in the restructuring; 3) the procedure for granting the right to natural and legal persons to provide restructuring administration services. I promulgate this Law passed by the Seimas of the Republic of Lithuania. PRESIDENT OF THE REPUBLIC VALDAS ADAMKUS