die "Ausgangs"Order vom 1.3.2013 zum ClearySchreiben vom 29.3.2013

At oral argument on Wednesday, February 27, 2013, counsel for the Republic of Argentina
appeared to propose that, in lieu of the ratable payment formula ordered by the district court in
its injunction and accompanying opinion of November 21, 2012, Argentina was prepared to
abide by a different formula for repaying debt owed on both the original and exchange bonds at
issue in this litigation. Because neither the parameters of Argentina’s proposal nor its
commitment to abide by it is clear from the record, it is hereby ordered that, on or before March
29, 2013, Argentina submit in writing to the court the precise terms of any alternative payment
formula and schedule to which it is prepared to commit.
1The court directs that, among the terms specified, Argentina indicate: (1) how and when it
proposes to make current those debt obligations on the original bonds that have gone unpaid over
the last 11 years; (2) the rate at which it proposes to repay debt obligations on the original bonds
going forward; and (3) what assurances, if any, it can provide that the official government action
necessary to implement its proposal will be taken, and the timetable for such action.
Should a response be sought from any other party to Argentina’s submission, a further order will
issue from the court.
For The Court: