Conformed Copy - L4324 - Kiev District Heating Improvement Project - Amendment 1

Page 1 RCA 248423. \09 WUI 64145 \09 FAX (202) 477-6391 The World Bank 1818 H Street N.W. (202) 477-1234 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Washington, D.C. 20433 Cable Address: INTBAFRAD I NTERNATIONAL DEVELOPMENT ASSOCIATION U.S.A. Cable Address: INDEVAS CONFORMED COPY April 2, 2003 His Excellency Mykola Azarov First Deputy Prime Minister and Minister of Finance Cabinet of Ministers 12/2 Hrushevsky St. Kyiv, 01008 Ukraine Your Excellency: Re: Ukraine Loan No. 4324-UA (Kiev District Heating Improvement Project) Amendment to Loan Agreement We refer to the Loan Agreement (Kiev District Heating Improvement Project) between Ukraine (the Borrower) and the International Bank for Reconstruction and Development (the Bank) dated October 14, 1998, and the related Project Agreement of even date therewith between the Bank and Kievenergo (Kievenergo) for the above-referenced Loan. We also refer to the request contained in the letter dated January 30, 2003, from Mr. A. A. Maksiuta, State Secretary, Ministry of Finance, to amend the legal documents for the Project so as to adequately introduce changes required as a consequence of the merger of the Kiev Municipal District Heating Company (KMDHC) with Kievenergo. I am pleased to inform you that, after due consideration, the Bank has acceded to the aforementioned request. Therefore, the Loan Agreement is hereby amended as follows: 1. The phrase