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Rules of AB Vilnius Securities Exchange Amended

29.10.2008

On 15 September 2008 the Board of AB Vilnius Securities Exchange (VSE) approved the amendments to the Rules of VSE. The amendments are related to the purpose of making trading in investment units or shares of collective investment undertakings (CIU) available to the participants of the market in the regulated market.

The amendments to the Rules stipulate that in the VSE, besides the Official, Supplementary and Dept Lists of Securities, a List of Funds will also be compiled. The List of Funds will be developed instead of the former List of Investment Units.
The Funds´ Trading List can include investment units or shares of the CIU, if they and their issuer are in compliance with the requirements set by the Rules.

The Rules provide that a decision of a management body of a management company or the general meeting of shareholders of an investment company to include the CIU investment units or shares into trade in the regulated market applies to all investment units and shares of the CIU, including the ones issued after the inclusion into the trade in the regulated market.

The Rules impose various responsibilities on a management company and on an investment company. For example, a management company or an investment company has an obligation to notify the VSE of the changes in the number of investment units or shares issued and of the price of investment units or shares. The Rules also provide for cases when a management company or an investment company is obliged to notify VSE without delay, for example, if a decision is made to reorganize or liquidate a management company or an investment company, if a bankruptcy procedure has been started with regard to a management company or an investment company or if a management company or an investment company has assigned part of its functions to another company.

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