REPUBLIC OF LITHUANIA                                     
                               LAW                                              
                                                                                
        ON THE AMENDMENT OF THE REPUBLIC OF LITHUANIA LAW                       
      ON THE PRIORITY OF EMPLOYEES TO ACQUIRE THE PROPERTY                      
             OF ENTERPRISES SUBJECT TO PRIVATISATION                            
                                                                                
     The Seimas of the Republic of Lithuania r e s o l v e s:                   
                                                                                
     to supplement and amend the Republic of Lithuania Law on the               
Priority of  Employees to  Acquire the  Property  of  Enterprises               
Subject to  Privatisation (See  the  Lithuanian  version  of  the               
Parliamentary Records, 1992, No. 12-310):                                       
                                                                                
     1. To supplement Article 1 with the following:                             
                                                                                
     "as well  as former  employees  of  such  enterprises  whose               
service record  in said  enterprises is  at least  25  years,  or               
individuals  who   became  disabled   while   working   in   such               
enterprises."                                                                   
                                                                                
     2. To set forth Article 2 as follows:                                      
                                                                                
     "Blocks of  shares, which  by the  right of  priority may be               
acquired by  individuals indicated in Article 1 thereof, shall be               
established in  such a  manner that the total par value of shares               
sold in  said manner, along with private capital which belongs to               
the employees  of  the  enterprise  comprise  up  to  50  percent               
(inclusive) of  the enterprise's  authorised  capital,  while  in               
enterprises which process agricultural produce - up to 49 percent               
(inclusive) of the enterprise's authorised capital."                            
                                                                                
     3. To set forth Article 3 as follows:                                      
                                                                                
     "Pursuant to  this Law,  sold shares, the par value of which,              
along with  private capital  belonging to  the  employees  of  the              
enterprise, comprise  30 percent  of the  enterprise's  authorised              
capital shall  be ordinary registered shares. The remaining shares              
shall be sold as preference shares without the voting right.                    
                                                                                
     The price of shares which are sold pursuant to this Law shall              
be equal  to their  par value,  while the  price  of  preferential              
shares shall  be equal  to the par value of the share increased by              
one half of the difference between the fixed initial selling price              
of the share at the first stage of subscription for shares and the              
par value of the share."                                                        
                                                                                
                                                                                
                                                                                
Algirdas Brazauskas                                                             
Acting President                                                                
Republic of Lithuania                                                           
                                                                                
Vilnius                                                                         
28 January 1993                                                                 
No. I-58