PRESIDENT OF THE CONSTITUTIONAL COURT OF THE REPUBLIC OF
                            LITHUANIA

                          ANNOUNCEMENT
  ON SUSPENDING THE VALIDITY OF PROVISIONS OF ARTICLES 10 AND 11
(WORDING OF 1 FEBRUARY 2008) OF THE REPUBLIC OF LITHUANIA LAW ON
                     THE NUCLEAR POWER PLANT
                                
                          8 October 2008
                             Vilnius
     By  the Constitutional Court Decision "On the acceptance  of
the  petition  of the Seimas of the Republic of  Lithuania,   the
petitioner,  set  forth  in  Seimas Resolution  No.  X-1729   'On
Applying to the Constitutional Court of the Republic of Lithuania
with a Petition Requesting to Investigate Whether the Republic of
Lithuania  Law on Amending and Supplementing Articles 8, 10,  11,
and  20 of the Law on the Nuclear Power Plant Is Not in  Conflict
with the Constitution of the Republic of Lithuania' requesting to
investigate whether the provisions of Articles 10 And 11 (Wording
of  1  February  2008) of the Republic of Lithuania Law  on   the
Nuclear Power Plant are not in conflict with the Constitution" of
22  September 2008, one accepted for consideration the   petition
set  forth  in  Resolution  of the Seimas  of  the  Republic   of
Lithuania No. X-1729 "On Applying to the Constitutional Court  of
the  Republic  of  Lithuania  with  a  Petition  Requesting    to
Investigate Whether the Republic of Lithuania Law on Amending and
Supplementing  Articles  8,  10, 11, and 20 of the  Law  on   the
Nuclear  Power Plant Is Not in Conflict with the Constitution  of
the  Republic  of Lithuania" of 22 September 2008 requesting   to
investigate whether:
     - Paragraph 1 (wording of 1 February 2008) of Article 10  of
the  Republic of Lithuania Law on the Nuclear Power Plant,  which
provides  for  only  one  aim of the activity  of  the   national
investor—"the  national investor shall be an independent  private
legal entity registered in the Republic of Lithuania, established
for an indefinite period of time and operating under the laws  of
the  Republic  of Lithuania, the aim of whose activity shall   be
gaining  benefits  for  itself  and all its  shareholders  in   a
socially  responsible  manner"—and which does not  entrench   the
protection  of the rights of consumers, is not in conflict   with
Paragraph 5 of Article 46 of the Constitution of the Republic  of
Lithuania; 
     - the provision "the national investor shall be the national
power company managing through its subsidiaries the main part  of
the  Lithuanian  power system—the electricity  transmission   and
distribution  networks.  Seeking  to  attain  the  goal  of   its
activity,  the national investor shall participate, on the  basis
of  private initiative, in implementing in Lithuania the  project
of  construction  of  a  new nuclear power  plant,  as  well   as
constructing,  according to the procedure established by the  Law
on Electricity and other legal acts, the interconnections of  the
power system of the Republic of Lithuania with the power  systems
of the Republic of Poland and the Kingdom of Sweden" of Paragraph
1  (wording of 1 February 2008) of Article 10 of the Republic  of
Lithuania  Law on the Nuclear Power Plant, according to which  it
is  provided to create the national investor which, as an  owner,
will  concentrate in its hands the main portion of production  of
electricity,  its transmission, distribution, export and  import,
is  not in conflict with Paragraphs 3 and 4 of Article 46 of  the
Constitution of the Republic of Lithuania;
     - Item 1 of Paragraph 1 of Article 11 (wording of 1 February
2008) of the Republic of Lithuania Law on the Nuclear Power Plant
which provides that "the Government of the Republic of  Lithuania
implementing the provisions of Article 10 of this Law shall  have
the  right to negotiate with the shareholder of the   controlling
stake  in  the  public  limited liability  company  VST  on   the
establishment  of the national investor and on the investment  of
all  the shares owned by that shareholder in the public   limited
liability company VST, or part thereof amounting to more than 2/3
of  the  shares  of  the public limited  liability  company   VST
carrying  more  than 2/3 of votes at the  general   shareholders'
meeting, as well as on the acquisition of newly issued shares  of
the  national investor", is not in conflict with Paragraph 1   of
Article  29 and Paragraph 4 of Article 46 of the Constitution  of
the Republic of Lithuania.
     Under Paragraph 4 of Article 106 of the Constitution of  the
Republic  of Lithuania, the Seimas resolution requesting for   an
investigation into the conformity of an act with the Constitution
shall  suspend  the validity of this act. Under Paragraph  1   of
Article  107 of the Constitution, a law (or part thereof) of  the
Republic of Lithuania may not be applied from the day of official
promulgation of the decision of the Constitutional Court that the
act  in  question  (or  part thereof) is in  conflict  with   the
Constitution.  While  construing these provisions in a   systemic
manner,  one  is to hold that a decision of  the   Constitutional
Court  to  accept the petition set forth in a Seimas   resolution
requesting  to investigate whether a law (or part thereof) is  in
conformity  with the Constitution, suspends the validity of  this
law (or part thereof).
     Conforming to Paragraph 4 of Article 106 of the Constitution
of  the Republic of Lithuania, and Paragraph 2 of Article 26   of
the Law on the Constitutional Court of the Republic of Lithuania,
     I  hereby announce that from the day of publishing of   this
announcement  in  the official gazette "Valstybės žinios"   until
publishing  of a Constitutional Court ruling regarding this  case
the validity of Paragraph 1 (wording of 1 February 2008; Official
Gazette  Valstybės  žinios, 2008, No. 19-674) of Article 10   and
Item 1 of Paragraph 1 of Article 11 (wording of 1 February  2008;
Official  Gazette  Valstybės  žinios, 2008, No. 19-674)  of   the
Republic  of  Lithuania Law on the Nuclear Power Plant shall   be
suspended.
President                                                Kęstutis
Lapinskas