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Page 1 November 3, 1999 General Manager Turkiye Elektrik Dagitim A.S. Inonu Bulvari, No. 27 Bahcelievler Ankara, Turkey Re: Loan No. 3345-1 TU (TEK Restructuring Project) Amendment to the Loan Assumption Agreement Dear Sir: We refer to the Loan Assumption Agreement (TEK Restructuring Project) dated July 5, 1995 between the International Bank for Reconstruction and Development (the Bank) and Turkiye Dagitim A.S. (the Borrower). Pursuant to your request dated September 27, 1999 and the Government